Investment Analysis: The PHH Corporation

By Steven Kiel:In Joel Greenblatt's book, You Can Be a Stock Market Genius, he showed how investors could profit from spin-offs. The theory is that the new, spun-off company will be more nimble and entrepreneurial. Couple that with forced selling and a post-spinoff company has the potential to be a good investment.

By Simon Moore: As Joel Greenblatt writes in his classic book You Can Be A Stock Market Genius, it can be hard to outperform the market using the same techniques as everyone else, but if you look at special situations you may be able to find value in areas where others are simply unaccustomed to looking.

By Insider Monkey: By Matt Doiron

About this author: Visit Socratism As stated simply by Joel Greenblatt in You Can Be A Stock Market Genius, "you can make a pile of money investing in spin-offs." There is good reason for this -- we'll get to that.

By Dividendinvestr:Joel Greenblatt founded Gotham Capital in 1985. He is a value investor with a focus on special situations. He developed a quantitative investment strategy called "Magic Formula Investing," based on a simple formula that identifies cheap and high-quality companies with a high earnings yield and a high return on invested capital.

By Insider Monkey: Joel Greenblatt, the founder of Gotham Asset Management, is a value investor with a focus on special situations. He is known for his "Magic Formula Investing", a quantitative investment strategy of picking stocks that was described in Greenblatt's "The Little Book That Beats the Market".

By Insider Monkey: We like those hedge fund managers who are willing to share their investment opinions with the public. Joel Greenblatt, the founder of Gotham Asset Management, is one of these managers.