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.
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.