Kenvue: A Look At The Johnson Spinoff

May 05, 2023 5:59 PM ETKenvue Inc. (KVUE) StockJNJ, KVUE76 Comments

Summary

  • Kenvue Inc. has been spun off from Johnson & Johnson in a rather large IPO.
  • The spinoff was well-received by the market, being the world's largest pure-play consumer health play.
  • I like the Kenvue business but think that valuations are quite demanding already, while some talc asbestos risk remains with the company as well.
  • Looking for more investing ideas like this one? Get them exclusively at Value In Corporate Events. Learn More »

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AndreyPopov

Early in May, shares of Kenvue Inc. (NYSE:KVUE) went public as Johnson & Johnson (JNJ) has spun off its consumer product business. The spinoff, through means of an IPO, has been a success as shares have seen a solid

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of JNJ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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