Tag Archives: HY

Everything But the Kitchen Sink – NACCO to Spin Off Hamilton Beach Kitchen Appliance Division

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NACCO Industries (NC) announced Monday that it has filed with the SEC regarding “a proposed spin-off… of its housewares-related business to NACCO shareholders.” Remaining in the company would be its mining business — I guess there just isn’t a market for coal-powered blenders. From the press release: Hamilton Beach Brands Holding Company, as an independent public company, will… Read More »

Further Reading On Nacco’s Hyster-Yale Spin

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Normally, there is plenty of time to dig into spinoff opportunities. It often feels like the process goes on forever. There are a few occasions though where that luxury does not exist, such as when a company moves quickly or, more likely, when you simply just found out about the situation at a later date. That seems to… Read More »

Can You ‘Handle’ Nacco’s Upcoming Hyster-Yale Spin?

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‘$135,000!!! For one share! Soooo expensive!’ – a friend’s response to Berkshire Hathaway’s share price. To be sure, it is a lot of money and intimidating when pulling up a ticker. Expensive though? Not enough information there to determine whether or not that is the case. This reaction is typical though and is one reason I have always… Read More »