We expect investors to further benefit

In May 2016, cardboard maker WestRock spun off its Ingevity chemical business to create two pure-play firms. Shareholders received one Ingevity share for every six WestRock shares they held.
WestRock recently merged with Irish packaging firm Smurfit Kappa. At the time of the merger, investors enjoyed… Read More

Alcoa’s split still has two survivors

To unlock value for investors, on November 1, 2016, the old Alcoa Inc. split into two separate companies—Arconic Inc. (focused on manufactured aluminum products) and spinoff Alcoa Corp. (focused on bulk aluminum). For every three of the old shares investors held, they received three shares… Read More

Long-term trends still favour Nutrien

Nutrien’s shares shot up to $148 in April 2022 on a sharp increase in potash prices following Russia’s invasion of Ukraine. The stock is now down 47% as potash supplies and prices stabilize. We still like the company’s long-term outlook, particularly as the world’s rising… Read More

This spinoff needs to cut its debt

WARNER BROS. DISCOVERY INC. $7.66 is still a hold. The company (Nasdaq symbol WBD; Aggressive Growth Portfolio; Consumer sector; Shares outstanding: 2.4 billion; Market cap: $18.4 billion; Price-to-sales ratio: 0.5; No dividend paid; TSINetwork Rating: Average; www.wbd.com) took its current form in April 2022 when AT&T merged its… Read More