Joel Greenblatt's position in AT&T is currently worth $33.7M. That's 0.19% of their equity portfolio (58th largest holding). The first AT&T trade was made in Q4 2012. Since then Joel Greenblatt bought shares 28 more times and sold shares on 21 occasions. The stake costed the investor $31.4M, netting the investor a gain of 7.2% so far.
Spinoffs are an interesting investment opportunity. These are corporate transactions meant to separate at least two businesses from one another. Many times i...