We're set to receive shares in Danaher's separated water business. Here's our plan for the new stock
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Danaher (DHR) is a day away from shedding its environmental-and-applied solutions segment, and the Club holding's ability to deliver returns for shareholders appears stronger than ever. Those potential returns can come from two places: Danaher stock and shares of Veralto (VLTO), the soon-to-be-standalone company that's in the business of water quality. We see underappreciated value in Danaher, and a favorable setup for Veralto after it's spun off into a separate, publicly traded entity on Saturday. When we receive Veralto shares on Monday, as all Danaher shareholders will, we intend to keep them, based on their current expected value. Danaher has looked attractive in recent weeks – Jim Cramer called its stock a buy during the Club's September Monthly Meeting – and that appeal increased this week following a key step in the spin-off process. A "when-issued" market was established Wednesday for both Danaher and Veralto stock, providing a first look a...