Worthington Industries - a restructuring opportunity?

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#1
Worthington Industries has 2 business segments - steel processing and pressure cylinders. The company has proposed to separate them into 2 listed entities - tentatively known as Worthington Steel (for steel) and New Worthington (for the pressure cylinders)

I did a sum-of-parts analysis and found that there is a margin of safety.

   

If you want more background on this company go to https://www.i4value.asia/2022/05/wor-is-....html#more
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#2
Interesting that the company continued to pay albeit reduced dividends during GFC and pay higher than pre-GFC 6 years later and keep rising


(17-05-2023, 10:08 AM)i4value Wrote: Worthington Industries has 2 business segments - steel processing and pressure cylinders. The company has proposed to separate them into 2 listed entities - tentatively known as Worthington Steel (for steel) and New Worthington (for the pressure cylinders)

I did a sum-of-parts analysis and found that there is a margin of safety.



If you want more background on this company go to https://www.i4value.asia/2022/05/wor-is-....html#more
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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