On Sept. 5, Timken's (TKR +0.53%) 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.
Is a Timken spin-off good for Foolish investors, or just a short-term way to game Wall Street?
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