3. Follow the parent company’s money. Parent companies often retain a large stake in the firms
they spin off. If a parent company holds onto its spinoff’s stock, it likely has a high degree of
confidence in the spinoff’s future. High-ranking corporate officers moving to a spinoff’s C-suite or
serving on its board also suggest someone in the know is confident about the spinoff’s prospects.
After all, executive compensation is frequently linked to performance.
Let's see where IBM puts their money for this NewCo spin-off.
https://www.forbes.com/sites/jonathanboyar/2020/01/17/spinoffs-have-dramatically-under-performed-how-to-profit-from-them/#146be66f7d0f