Second head-scratcher: $CMPO CompoSecure.  CMPO makes metal credit cards.  They have an 80% market share in the US, with 10% revenue growth in the most recent quarter.  Forward PE of 14.  Interesting company.

On December 30 they announced plans to spin off Resolute Holdings, which will provide management services for CompoSecure and then do... well, I'm not entirely sure.  

I've never seen a "spinoff" quite like this one! As I understand it, the spinoff will provide what amounts to essential strategic services to CompoSecure- M&A advice, operations and capital allocation. They might just have well said "everything important".

Why do you SPIN OFF these core company capabilities? What will be the mission of the spinoff (it's poorly defined in the release)?  If the spinoff intends to make its own acquisitions in areas related to what CompoSecure does, then is the company just spawning a competitor?

Normally spinoffs are done to unlock value for companies that have unrelated, easily separated business units. For instance, GE spinning off its energy and aviation businesses. FedEx spinning off its freight business. Here we have CompoSecure spinning off its brain...