2024-03-25 16:00:00 ET
Summary
- Worthington Industries' shares have risen 30% since separating from Worthington Steel, creating value for investors.
- As an undervalued and stable business, it has seen a re-rating in a tougher year from a sales perspective.
- Following the re-rating, I am taking profits on part of my position here.
When Worthington Industries ( WOR ) separated itself from its daughter company Worthington Steel ( WS ) in December of last year, I believed that real value was unlocked for the former parent company....
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Worthington Industries: Valuation Re-Rating Completed Post Separation