Buy the spinoff, hold the former parent

On November 1, 2016, Arconic spun off its bulk aluminum business (Alcoa) so it could focus on making industrial aluminum products. Investors received one Alcoa share for every three Arconic shares they owned.
Arconic continues to benefit as manufacturing activity recovers from COVID-19 shutdowns. The company’s… Read More

Here are three key updates on our portfolio

MOLSON COORS BEVERAGE CO. $55 is still a hold. The company (New York symbol TAP; Aggressive Growth Portfolios, Consumer sector; Shares outstanding: 216.8 million; Market cap: $11.9 billion; Price-to-sales ratio: 0.9; Dividend suspended in March 2020; TSINetwork Rating: Average; www.molsoncoors.com) should benefit from higher beer… Read More

Pandemic dampens their prospects

On April 1, 2020, the old Arconic Inc. split into two new companies: Howmet and Arconic Corp. As a result, each Arconic Inc. share automatically converted to one share of Howmet; investors also received one share of Arconic Corp. for every four shares of Arconic… Read More

Your long-term prospects remain intact

On April 1, 2020, the old Arconic Inc. split into two new companies for investors: Howmet Aerospace and Arconic Corp.
We feel this breakup, like most spinoffs, will work out well for investors over time. However, your shares in both new companies will likely move sideways… Read More