TravelCenters of America

Posted: 11 Nov 2009

See all articles by Robin M. Greenwood

Robin M. Greenwood

Harvard Business School - Finance Unit; National Bureau of Economic Research (NBER)

Daniel Goldberg

Harvard Business School

James Quinn

Harvard University - Business School (HBS)

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

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

Robin M. Greenwood (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
617-495-6979 (Phone)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Daniel Goldberg

Harvard Business School ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

James Quinn

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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