Investors should keep their eyes on these three spinoffs. : There's always something new happening in the world of spinoffs. A new company is being born or there's a new SEC filing or a new investor presentation. Whatever's going on, you have to keep up with it. Spinoffs are interesting because they've provided great returns for many years, and it's a good place to search for undervalued companies. Not only are spinoffs an attractive place to search for profits, but their parent companies could be nicely priced coming out of a transaction.