Stock "spin-offs"

[Roland Roberts]

-----BEGIN PGP SIGNED MESSAGE-----

>>>>> "Derek" == Derek Atkins <warlord at MIT.EDU> writes:

    Derek> Jean-David Beyer <jdbeyer at exit109.com> writes:

    >> It is neither; it is a return of capital originally invested in
    >> the company doing the spin-off; the returned capital being used
    >> to buy the shares of the spun-off company.

    Derek> A return on capital is called "equity" ;)

I noticed Jean-David twice said "return _of_" not "return _on_".  Was
this deliberate?

roland
- -- 
                       PGP Key ID: 66 BC 3B CD
Roland B. Roberts, PhD                             RL Enterprises
roland at rlenter.com                            6818 Madeline Court
roland at astrofoto.org                           Brooklyn, NY 11220

-----BEGIN PGP SIGNATURE-----
Version: 2.6.3ia
Charset: noconv
Comment: Processed by Mailcrypt 3.5.4, an Emacs/PGP interface

iQCVAwUBQFsoQ+oW38lmvDvNAQGwswP/bX0erLIZKqGduWgVZUlpjfF0jYs71LvU
fQVktYLPC/StYSsajVCwHxI4XmaxmR8pXMy6aC8597eW22gYMaaTTUaqlQj7hUxK
s8mQFGq2Ylpl4ymeg0vdDNQP19XuTiH1Rx/szvu5esRKm+Xb7YISqWlHYW/2a3yg
i+o/Gv3li/0=
=/Sak
-----END PGP SIGNATURE-----