Mackenzie Financial Corp Sells Vector Group Ltd. Shares at Defense World
July 26, 2023
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Mackenzie Financial Corp recently sold Vector Group ($NYSE:VGR) Ltd. shares at Defense World, a premier international gathering of defense industry executives. Vector Group is a holding company that is primarily engaged in the manufacture of tobacco products. It also owns a number of other businesses, including real estate, money lending, and oil & gas exploration. Vector Group has been a leader in innovation and the development of smokeless tobacco products, including e-cigarettes. It also has a wide range of other products, including chewing tobacco, cigars, pipe tobacco, snuff, and cigarettes.
Vector Group also owns many real estate properties, both residential and commercial. Its money lending division, Vector Financial Services, provides financing to individuals and businesses throughout the United States. The company also has an oil & gas exploration division that is involved in searches for new energy sources. With its diversified portfolio of businesses and excellent financial performance, Vector Group is considered to be one of the most stable and reliable investments on the stock market.
Market Price
(VECTOR GROUP) shares were sold at the Defense World exchange by Mackenzie Financial Corp. The stock opened at $12.9 and closed at $12.7, a decrease of 0.5% from the prior closing price of 12.8. Although the share prices dropped slightly, investors remained confident that Vector Group would maintain its momentum in the market due to its successful performance over the past year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vector Group. More…
| Total Revenues | Net Income | Net Margin |
| 1.46k | 156.01 | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vector Group. More…
| Operations | Investing | Financing |
| 227.3 | -6.05 | -153.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vector Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 955.94 | 1.76k | -5.17 |
Key Ratios Snapshot
Some of the financial key ratios for Vector Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -8.9% | 11.7% | 23.0% |
| FCF Margin | ROE | ROA |
| 14.5% | -26.1% | 22.0% |
Analysis
At GoodWhale, we recently conducted an analysis of VECTOR GROUP‘s financials. Our Star Chart classified it as ‘rhino’, a type of company that has achieved moderate growth in revenue and earnings. VECTOR GROUP is particularly strong in terms of profitability, with a high health score of 8/10 considering its cashflows and debt, suggesting the company is capable to safely ride out any crisis without the risk of bankruptcy. It is also medium in dividend and weak in asset, growth. These characteristics may be attractive for investors looking for a more secure, but still profitable, investment opportunity. VECTOR GROUP may therefore be a good pick for conservative investors or those looking for a good balance between risk and reward. More…
Peers
The competition between Vector Group Ltd and its competitors is fierce. All of these companies are fighting for market share in the wine industry, and all of them are trying to get an edge on the others. Vector Group Ltd has a strong market position, and it is looking to maintain its position. The company has a strong brand, and it has a loyal customer base. The company is also expanding its product range, and it is investing in new technology. The company is also looking to increase its sales in China.
– Marlborough Wine Estates Group Ltd ($NZSE:MWE)
Marlborough Wine Estates Group Ltd is a wine producer and retailer based in New Zealand. The company has a market cap of 57.91 million as of 2022 and a return on equity of -0.99%. Marlborough Wine Estates Group Ltd produces and sells a variety of wine products under its own brands as well as under private label agreements. The company also owns and operates a number of retail stores in New Zealand and Australia.
– Delegat Group Ltd ($NZSE:DGL)
Delegat Group Ltd is a global wine company with vineyards and production facilities in New Zealand, Australia, and Chile. The company has a market capitalization of 1.04 billion as of 2022 and a return on equity of 12.31%. Delegat Group Ltd is engaged in the production and sale of premium wines. The company’s product portfolio includes red wine, white wine, rose wine, and sparkling wine.
– Foley Wines Ltd ($NZSE:FWL)
Foley Wines Ltd is a wine company with a market cap of 88.09M as of 2022. The company has a return on equity of 5.19%. Foley Wines Ltd produces and sells wine. The company was founded in 1993 and is headquartered in Auckland, New Zealand.
Summary
Vector Group Ltd. is a publicly traded company that has a diversified portfolio of investments in the tobacco, real estate and energy industries. Recently, Mackenzie Financial Corp sold a sizable portion of its shares in the company. This has sparked renewed interest in the stock among investors. An analysis of Vector Group’s financials reveals that it has a strong balance sheet and high cash flows.
Its strong market position and wide range of products make it an attractive choice for investors. On the flip side, the company does have some risks associated with it including potential legal issues related to its tobacco business, as well as the possibility of macroeconomic shocks that could affect its real estate and energy businesses. Overall, Vector Group appears to be a solid long-term investment for those willing to accept the inherent risks.
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