Going on Vacation..

I will be on vacation and won't be updating this blog for the next 2 weeks.

While I'm gone, the Sara Lee (SLE) spinoff of Hanesbrand (HBI) should take place. I believe this is set to occur September 5 or 6. This is not an automatic buy simply because it is a spinoff. There should be some financials released when it is spun-off providing better insight into it's debt structure, revenue, earnings and compensation of key executives. Make sure you look into these numbers prior to making your decision.

For those who care about such things, Cendant has announced a reverse 10 for 1 stock split and a new ticker symbol CAR. The theory behind the reverse split is that it will provide credibility to the company simply through a higher share price. I assume that the name change was partly to erase the Cendant legacy from the company. For analytical investors these should be treated as non-events.