David S. Wright, Executive Chairman of Turning Point Brands,, Increases Stock Holdings by 21%
June 19, 2023
🌥️Trending News
Turning Point Brands ($NYSE:TPB), Inc. is a well-known provider of consumer packaged goods with leading brands in the tobacco, vaping, and e-cigarette industries. The company has seen successful growth and increasing demand for its products in recent years. Recently, David S. Wright, Executive Chairman of Turning Point Brands, has taken a significant step to increase the company’s fortunes further. This purchase is an encouraging sign that Mr. Wright is confident in the future of Turning Point Brands and is committed to its success.
It is also an indication that he believes the stock price will continue to rise in the coming months, as he has personally invested more of his own money into the company. This decision is sure to be welcomed by current shareholders, as well as potential investors, who will no doubt take it as a sign of the company’s strong potential for future growth.
Analysis
At GoodWhale, we offer our users the ability to analyze the fundamentals of TURNING POINT BRANDS. After our analysis, we have concluded that TURNING POINT BRANDS is a high-risk investment, according to our risk rating. Our system has detected 1 risk warning in the company’s balance sheet. If you’d like to learn more about the risks associated with TURNING POINT BRANDS, register on goodwhale.com and take a deeper look into their financials. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TPB. More…
| Total Revenues | Net Income | Net Margin |
| 415.07 | 8.24 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TPB. More…
| Operations | Investing | Financing |
| 32.62 | -9.97 | -45.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TPB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 559.93 | 439.99 | 6.74 |
Key Ratios Snapshot
Some of the financial key ratios for TPB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | 45.9% | 7.2% |
| FCF Margin | ROE | ROA |
| 6.1% | 16.3% | 3.4% |
Peers
As the tobacco industry continues to experience declining sales in the United States, companies are looking for new ways to grow their business. One area of opportunity is the e-cigarette market. Turning Point Brands Inc is one of the leading e-cigarette companies and is facing stiff competition from Golden Tobacco Ltd, Emmi AG, and Limoneira Co.
– Golden Tobacco Ltd ($BSE:500151)
Golden Tobacco is a publicly traded company with a market capitalization of $1.36 billion as of 2022. The company’s return on equity (ROE) is -5.23%. Golden Tobacco is engaged in the manufacture and sale of cigarettes and other tobacco products. The company’s products are sold in over 50 countries worldwide. Golden Tobacco has a long history, dating back to the early 1800s. The company is headquartered in London, England.
– Emmi AG ($LTS:0QM5)
Emmi AG is a leading international provider of fresh dairy products, with a focus on premium quality. The company has a market cap of 4.1B as of 2022 and a return on equity of 15.21%. Emmi’s products are sold in over 50 countries and include a wide range of cheese, yogurt, and other dairy products. The company has a strong focus on quality and innovation, and is constantly expanding its product range to meet the needs of its customers. Emmi is a trusted partner for retailers and foodservice providers around the world, and is committed to providing the highest quality products and services.
– Limoneira Co ($NASDAQ:LMNR)
Limoneira Company is a agribusiness and real estate development company, which engages in the production of lemons, avocados, oranges,specialty citrus and other crops; and rental operations. The company was founded in 1893 and is headquartered in Santa Paula, CA.
Summary
Turning Point Brands (TURNING POINT) has seen an influx of investment from its Executive Chairman, David, who increased his stake in the company by 21%. This could be indicative of a bullish outlook and suggests that David believes that TURNING POINT is a worthwhile investment opportunity. Analysts believe that the stock is poised to surge in the near future, as the company continues to introduce innovative products and drive strategic growth. As such, investors may be wise to consider TURNING POINT as a potential long-term investment.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
