Earlier this year at Timken's (NYSE: TKR ) annual meeting, shareholders voted to spin off the company's steel business from its core ball-bearings business. In this video, Motley Fool industrials analyst Blake Bos gives investors an approximate timeline of when to expect final word on the spin-off. He also discusses why it may seem like a profitable decision in the short term, but why he sees it as losing value for shareholders in the long run.
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report, "3 Stocks That Will Help You Retire Rich," names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.