HZN - Inflection Point OnThe Horizon For Horizon Global Corporation
History
After reading Joel Greenblatt's "You Can Be a Stock Market Genius" (I highly recommend the book), I started looking for spin offs as potential investment opportunities. Mid-2015, TriMas Corporation (NYSE: TRS) completed the spin-off of Horizon Global Corporation (NYSE: HZN), TriMas' towing/trailer arm. HZN manufactures and distributes towing and trailing products under 15 different brands for the aftermarket, retail and OEM markets.
I studied the spin-off but I didn't invest as I thought the price ($16.25) was on the high end of my valuation not leaving any margin of safety. By the