General - Spinoff Analysis

BusinessWeek had an interesting article on recent and proposed spin-offs with some analysis as to why they tend to product above-average results:

"Why do spin-offs tend to outperform? In S&P's view, their shares tend be inexpensive initially because investors often sell when they receive stock in a new company they did not intend to own. Also, spin-offs are dumped by index funds when the new company is not in the original index, and institutional fund managers sell shares as a result of a spin-off's lack of liquidity or dividend."