TravelCenters of America
Posted: 11 Nov 2009
Date Written: December 17, 2008
Abstract
A New York-based hedge fund must decide whether to invest in TravelCenters of America (TA), a recent spin-off from a U.S.-based real estate investment trust. The case confronts students with the question: To what extent is this spin-off opportunity attractive from a value-investing standpoint? Historically, spin-offs have been attractive investments because of supply-demand dynamics associated with their investor base. The case is an opportunity to ask whether the same dynamics will operate for TA.
Suggested Citation: Suggested Citation
Greenwood, Robin M. and Goldberg, Daniel and Quinn, James, TravelCenters of America (December 17, 2008). HBS Case No. 209-030, Harvard Business School Finance Unit, Available at SSRN: https://ssrn.com/abstract=1502794
James Quinn
Harvard University - Business School (HBS) ( email )
Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States
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