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

BHP wants to merge with Anglo

BHP GROUP LTD. (ADR) $59 is a buy. This company (New York symbol BHP; Resources sector; ADRs outstanding: 2.6 billion; Market cap: $153.4 billion; Dividend yield: 5.2%; Takeover Target Rating: Medium; www.bhp.com) is one of the world’s largest producers of iron ore, copper, nickel and coal.
BHP recently offered to… Read More

Q: Pat, what do you think about the prospects of Hillman Solutions (symbol HLMN) going forward? Thank you.

A: Hillman Solutions Corp., $9.49, symbol HLMN on Nasdaq (Shares outstanding: 196.0 million; Market cap: $2.0 billion; www.hillmangroup.com), provides hardware-related products and merchandising services to home improvement and other retailers across North America.

Founded in 1964, the company offers more than 112,000 products to its 26,000… Read More