Viatris debt load is still a risk factor

VIATRIS INC. $12 is a hold. The company (New York symbol VTRS; Income Portfolio, Manufacturing sector; Shares outstanding: 1.2 billion; Market cap: $14.4 billion; Price-to-sales ratio: 1.0; Dividend yield: 4.0%; TSINetwork Rating: Average; www.viatris.com) was formed in November 2020 by the merger of Pfizer’s Upjohn division (generic drugs)… Read More

RTX overcomes engine setback

The shares of aerospace equipment maker RTX are up 65% since dropping to $69 in October 2023 on the news of a defective jet engine recall. The share price jump is largely because the company significantly expanded its capacity to handle these repairs, which has… Read More

RTX Corp. Revenues Soar 49.2% and Beat Estimates

RTX Corp. Revenues Soar 49.2% and Beat Estimates

The combination of record defense backlogs, strong international demand, and improving aerospace performance positions RTX Corp. for substantial growth. The defense segment’s $90 billion backlog demonstrates exceptional momentum in one of its core operations.

Meanwhile the commercial aerospace division benefits from robust aftermarket demand and increasing… Read More

Spinoffs & Takeovers Hotline – Friday, November 1, 2024

FASTENAL COMPANY, $78.23, symbol FAST on Nasdaq, is a leading wholesale distributor of industrial and construction supplies. It draws almost all its clients from the construction and manufacturing industries.

Those construction customers include general, electrical, plumbing, sheet-metal, and road contractors. In manufacturing, Fastenal sells to original-equipment… Read More

Topgolf plans split for pure-play growth

In March 2021, golf equipment maker Callaway Golf and driving range operator Topgolf merged in an all-stock transaction valued at $2.6 billion. Topgolf shareholders received 90 million Callaway shares. In 2022, the company was renamed Topgolf Callaway Brands. It also changed its stock-exchange symbol from… Read More