It's worth noting that Eastman Chemical, which was spun off from Kodak in 1994, is doing just fine as a Fortune 500 company with about 15,000 employees and a market cap of $10B USD.
It's stock is up some 200%+ since the spin-off from Kodak in '94 (compared to 400%+ for the S&P500).
If you had kept your Eastman Chemical stock after the spin-off from Kodak in '94, sold your Kodak stock, and reinvested the proceeds into Eastman Chemical, you would have more than doubled your capital, not including dividends.
It's stock is up some 200%+ since the spin-off from Kodak in '94 (compared to 400%+ for the S&P500).
If you had kept your Eastman Chemical stock after the spin-off from Kodak in '94, sold your Kodak stock, and reinvested the proceeds into Eastman Chemical, you would have more than doubled your capital, not including dividends.