Stock "spin-offs"

[Derek Atkins]

Roland Roberts <roland at astrofoto.org> writes:

>>>>>> "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?

A return _of_ capital is ALSO called "equity"  :)

> roland

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
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