On Sept. 5, Timken's (NYSE:TKR) board of directors approved a spin-off of the company's steel business, which will create two publicly traded companies. But with these two businesses operating in similar industries, was a spin-off really the best move for the company, or for long-term investors? In this video, Motley Fool industrials analyst Blake Bos gives investors the rationale behind why shareholders would be interested in making this move strategically, and also discusses why he was disappointed with the decision. He then tells investors what he'll be doing with his shares of the company.
Blake Bos owns shares of The Timken Company. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.