Turning Point Brands (TPB) News
Market Cap: $1.05B
Avg Volume: 219.59K
Industry: Tobacco
Sector: Consumer Defensive
Turning Point Brands to Host Q1 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review 1st quarter 2025 results. The conference call will be on Wednesday, May 7, 2025 at 9:30 a.m. Eastern. Interested analysts and professional investors can register and participate through one of these call-in numbers: (800) 715-9871 (U.S., toll-free) (646) 307-1963 (International) Event ID: 6640134 Participants should dial in at least 10 minutes in advance and fol.
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Zacks Industry Outlook Equity Philip Morris, Altria and Turning Point Brands
Philip Morris, Altria and Turning Point Brands have been highlighted in this Industry Outlook article.
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3 Tobacco Stocks Worth Watching on Robust Industry Trends
Tobacco companies like PM, MO and TPB are investing heavily in smoke-free products to align with health trends and regulatory shifts.
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17 Upcoming Dividend Increases
I present a list of 17 companies with upcoming dividend increases, highlighting those with over 10% increases and an average streak length of 11 years. My investment strategy focuses on buying, holding, and expanding stakes in companies that consistently increase dividends and outperform relevant benchmarks. I utilize data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
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Turning Point Brands, Inc. (TPB) Q4 2024 Earnings Call Transcript
Turning Point Brands, Inc. (NYSE:TPB ) Q4 2024 Earnings Conference Call March 6, 2025 10:00 AM ET Company Participants Andrew Flynn - Chief Financial Officer Graham A. Purdy - President and Chief Executive Officer Summer Frein - Chief Marketing Officer Conference Call Participants Eric Des Lauriers - Craig Hallum Capital Group Ian Zaffino - Oppenheimer Nick Anderson - ROTH Capital Partners Aaron Grey - Alliance Global Partners Operator Thank you for standing by.
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Turning Point Brands (TPB) Q4 Earnings Lag Estimates
Turning Point Brands (TPB) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.79 per share a year ago.
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Turning Point Brands Announces Fourth Quarter and Full Year 2024 Results
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, today announced financial results for the fourth quarter and full year ended December 31, 2024. Q4 2024 vs. Q4 2023 Total consolidated net sales increased 12.8% to $93.7 million Zig-Zag Product Segment net sales increased 1.8% Stoker's Product Se.
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Turning Point Brands: Little Asymmetrical Upside Left (Rating Downgrade)
Turning Point Brands' preliminary Q4 results show accelerating momentum following the December launch of Alp nicotine pouches. Profitability took a slight hit. TPB is distancing itself from the CDS segment with restructuring, now only holding 49% equity and operating the underperforming segment on an arm's length basis. After TPB's continued rally, little asymmetrical upside remains. I estimate a fair value of $74.7.
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Earnings Preview: Turning Point Brands (TPB) Q4 Earnings Expected to Decline
Turning Point Brands (TPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Turning Point Brands to Host Q4 and Fiscal Year 2024 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2024 results. The conference call will be on Thursday, March 6, 2024 at 10:00 a.m. Eastern. Interested analysts and professional investors can register and participate through one of these call-in numbers: (800) 715-9871 (U.S., toll-free) (646) 307-1963 (International) Event ID: 6640134 Participants should dial in at least 10 minut.
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Turning Point Brands: Scaling An Alp With Tucker Carlson
Turning Point Brands has seen a significant turnaround, driven by reduced reliance on vaping products, and entrance into the nicotine pouch category. The company's nicotine pouch brand FRĒ, relaunched in 2023, has shown impressive growth, with further potential for a similar product called Alp sold through joint venture with Tucker Carlson Media. Zig-Zag's performance has been underwhelming due to increased competition and a shift in demand, but efforts to reposition the brand are paying off.
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ALP Pre-orders Demolish Expectations as ALP Officially Launches Online
MIAMI , Dec. 23, 2024 /PRNewswire/ -- After weeks of rousing pre-launch sales to a select group of nicotine connoisseurs, the whole grain goodness of ALP pouches is finally available to the general public. As of today, ALP can be purchased by the tin, sleeve or pallet and delivered directly to the doorsteps of discriminating users.
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Turning Point Brands: Alp Is Off To A Fast Start
Turning Point Brands' joint venture with Tucker Carlson for Alp nicotine pouches has launched, with pre-orders shipping during December. Initial web traffic data shows quite strong demand for Alp. TPB also intriguingly filed an at-the-market sales agreement to support nicotine pouch growth investments. TPB's Q3 performance shows solid underlying growth in Zig-Zag and FRE nicotine pouches.
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Tucker Carlson Introduces ALP, A Revolutionary New Nicotine Pouch Company
MIAMI , Nov. 14, 2024 /PRNewswire/ -- Tucker Carlson has announced the launch of ALP, the first nicotine pouch brand made by and for adults who unapologetically love nicotine. ALP will be sold, marketed and distributed through ALP Supply Co. LLC, a newly formed 50/50 joint venture between the Tucker Carlson Network and Turning Point Brands (NYSE: TPB).
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Turning Point Brands (TPB) Q3 2024 Earnings Call Transcript
Turning Point Brands (NYSE:TPB ) Q3 2024 Earnings Call Transcript November 7, 2024 10:00 AM ET Company Participants Andrew Flynn - Chief Financial Officer Graham Purdy - President and Chief Executive Officer Summer Frein - Chief Revenue Officer Conference Call Participants Eric Lauriers - Craig Hallum Capital Group Michael Legg - The Benchmark Company Nick Anderson - ROTH MKM Operator Good day, and welcome to the Turning Point Brands Third Quarter 2024 Conference Call. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded.
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Turning Point Brands Announces Third Quarter 2024 Results
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, today announced financial results for the third quarter ended September 30, 2024. Q3 2024 vs. Q3 2023 Total consolidated net sales increased 3.8% to $105.6 million Zig-Zag Products net sales increased 5.5% Stoker's Products net sales increased 12.
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Turning Point Brands to Host Third Quarter 2024 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its third quarter conference call to review results. The conference call will be on Thursday, November 7, 2024 at 10:00 a.m. Eastern. Interested analysts and professional investors can register and participate through one of these call-in numbers: (800) 715-9871 (U.S., toll-free) (646) 307-1963 (International) Event ID: 6640134 Participants should dial in at least 10 minutes in advance and f.
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Turning Point Brands: Growth In Disguise (Rating Upgrade)
Turning Point Brands' underlying growth, aided by nicotine pouch brands and Zig-Zag's cannabis positioning, has been clouded by the weak CDS segment. The FRE brand's rapid growth and potential Alp collaboration with Tucker Carlson could significantly boost revenues. Wall Street's Q3 expectations are conservative, but the company's underlying growth prospects suggest potential undervaluation.
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Turning Point Brands: Why This Tobacco Stock Winner Has More Room To Run
Turning Point Brands has surged over 87.5%, thanks to the company's refocus on its smokeless tobacco and rolling paper businesses. Even after this incredible run-up in price, shares have more room to run, as factors like Turning Point's move into the nicotine pouch space point to a further growth resurgence. In the coming years, TPB stock could hit prices topping $90 per share, thanks to earnings growth, as well as possible multiple expansion.
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Pick Top Stocks Like Fantasy Football
Fantasy sports is a multi-billion dollar industry, with millions invested, tracking key stats, with the aim of selecting top players for the biggest return. Fantasy football and investing have strong parallels, including the need for a long-term perspective, as well as diversification. Both fantasy football and investing are vulnerable to emotional biases that can influence the management of a team or portfolio. A data-driven approach is one solution.
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ZIG-ZAG LAUNCHES FOUR NEW FLAVORS OF 100% TOBACCO-FREE HEMP WRAPS
Innovative Hemp Wraps Available in Sour Squeeze, Georgia Peach, Summer Slice, and Mellow Haze SANTA MONICA, Calif. , Aug. 13, 2024 /PRNewswire/ -- Zig-Zag, a leader in the rolling papers industry, is thrilled to announce the expansion of the hemp wrap line, featuring 100% tobacco-free hemp wraps in four exciting flavors: Sour Squeeze, Georgia Peach, Summer Slice, and Mellow Haze.
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Turning Point Brands (TPB) Q2 2024 Earnings Call Transcript
Turning Point Brands (NYSE:TPB ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Andrew Flynn - Chief Financial Officer Graham Purdy - Chief Executive Officer Summer Frein - Chief Revenue Officer Conference Call Participants Michael Legg - The Benchmark Company Eric Des Lauriers - Craig-Hallum Capital Group Operator Thank you for standing by. My name is Sully, and I will be your conference operator today.
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Turning Point Brands Q2: Great Underlying Growth Goes Unnoticed
Turning Point Brands reported a Q2 earnings beat, showing a return to positive revenue growth after 10 out of 11 prior quarters showing a decline. The Stoker's segment drove incredible growth with MST and FRE brands, while other segments showed quite predictable performances, with solid Zig-Zag momentum and a wide CDS sales decline. The stock's underlying potential is still largely unnoticed by the market, represented by the stock's continued undervaluation.
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Turning Point Brands to Host Second Quarter 2024 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review second quarter 2024 results. The conference call will be on Thursday, August 1st, 2024, at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Particip.
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Raw rolling-papers founder Josh Kesselman's quest: an IPO that doesn't kill the company's vibe
Josh Kesselman's inventions range from a new flame lighter with a screen to stave off wind to a line of utrathin rolling papers.
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3 Overlooked Tobacco Stocks Quietly Making Investors Rich
Tobacco stocks have a bad reputation. Investors with a particular set of ethics tend to veer away from them because the companies' products are known to be detrimental to people's health.
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Turning Point Brands: Stable Business With Great Cash Flow Yield
Turning Point Brands manufactures and sells tobacco-related products such as rolling papers, chewing tobacco, and has more recently started selling nicotine pouches. The company has had negative revenue growth in recent years, but the scaling FRE nicotine pouch brand could revitalize growth. The CDS segment's revenues have turned dire, but as the segment scales down, it will drag down total revenues less in the future.
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Turning Point Brands, Inc. (TPB) Q1 2024 Earnings Call Transcript
Turning Point Brands, Inc. (NYSE:TPB ) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants Graham Purdy - President and CEO Andrew Flynn - Chief Financial Officer Summer Frein - Chief Revenue Officer Conference Call Participants Eric Des Lauriers - Craig-Hallum Capital Group Michael Legg - The Benchmark Company Scott Fortune - ROTH MKM Operator Good morning, and welcome to Turning Point Brands First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
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Turning Point Brands Announces First Quarter 2024 Results
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the first quarter ended March 31, 2024. Q1 2024 vs. Q1 2023 Total consolidated net sales decreased 3.9% to $97.1 million Zig-Zag Products net sales increased by 11.5% Stoker's Products net sales increased by.
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Turning Point Brands Declares Common Stock Dividend
LOUISVILLE, Ky.--(BUSINESS WIRE)--The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share. The dividend is payable on July 5, 2024, to shareholders of record on the close of business on June 14, 2024. About Turning Point Brands, Inc. Turning Point Brands (NYSE: TP.
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Turning Point Brands to Host First Quarter 2024 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review first quarter 2024 results. The conference call will be on Thursday, May 2nd, 2024, at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Participants.
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3 Cannabis Stocks on the Brink of a Massive Breakout
Slowly but surely, whispers and rumors of widespread cannabis legalization are swirling to the surface. Though cannabis stocks' last big run, in the late 2010s, far eclipses today's market and per-share pricing, we're gradually seeing top cannabis stocks to buy tick upward.
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3 Tempting Tobacco Stocks to Buy as Indulgence Rates Rise
When it comes to controversial publicly traded investments, few are as notorious as tobacco stocks. Of course, it wasn't always this way.
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6 Upcoming Dividend Increases Including A Dividend King
Dividend King Cincinnati Financial increases dividend by 8%, extending their 64-year streak.
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Turning Point Brands Appoints Andrew Flynn as Chief Financial Officer
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today the appointment Andrew Flynn as the Company's new Chief Financial Officer, effective on or before April 1, 2024. Mr. Flynn is replacing Louie Reformina, who will step down to pursue other opportunities. Prior to joining Turning Po.
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Wall Street's Best Kept Secrets: 7 Little-Known Stocks to Love
Success at investing may have more to do with “time in the market” than “timing the market,” but on occasion, getting into a particular stock at the right time can be a very profitable move. With this, there's merit in research what are the best little-known stocks to buy.
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Turning Point Brands: Entry Into Oral Nicotine Pouch Category Is A 2024 Catalyst
Turning Point Brands reported its Q4 results highlighted by firming profitability. The company's entry into the oral nicotine pouches market with the "FRE" brand is seen as a high-growth driver and a catalyst for the stock. We are bullish on the stock, which benefits from overall solid fundamentals.
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Turning Point Brands Increases Common Stock Dividend
LOUISVILLE, Ky.--(BUSINESS WIRE)--The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share. This is an 8% increase over the regular quarterly dividend declared in November 2023. The dividend is payable on April 12, 2024, to shareholders of record on the close of bu.
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Turning Point Brands Announces Fourth Quarter and Full Year 2023 Results
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the fourth quarter and full year ended December 31, 2023. Q4 2023 vs. Q4 2022 Total consolidated net sales decreased 6.1% to $97.1 million Zig-Zag Products net sales decreased by 2.9% Stoker's Products net sa.
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3 Vice Stocks That Can Make a Gloomy February Sizzle
We're all thinking about it but we don't say it out loud – that's the underlying theme behind vice stocks. During an economically challenging cycle, people need some downtime.
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Turning Point Brands to Host Fourth Quarter and Fiscal Year 2023 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2023 results. The conference call will be on Wednesday, February 28, 2024 at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID:.
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The 7 Most Undervalued Cannabis Stocks to Buy in December
Given that cannabis legalization is considered a growth trend, you may assume that there are few (if any) undervalued cannabis stocks. However, whether we're talking about undervalued in the traditional sense of the term, or undervalued using other metrics, there are plenty of names in the space that fit within this category.
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Turning Point: Double-Digit Growth Of Stoker's MST May Imply Undervaluation
Further investments in inventory of stoker's products and distribution expansion of this business segment could accelerate net sales growth. The company is focused on diversifying its products and expanding into new territories to drive further sales growth. While there are risks such as changes in legislation and lower demand, Turning Point Brands appears undervalued.
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Turning Point Brands, Inc. (TPB) Q3 2023 Earnings Call Transcript
Turning Point Brands, Inc. (NYSE:TPB ) Q3 2023 Results Conference Call November 8, 2023 10:00 AM ET Company Participants Louie Reformina - CFO Graham Purdy - President and CEO Summer Frein - Chief Revenue Officer Conference Call Participants Vivien Azer - TD Cowen Michael Legg - The Benchmark Company Eric Des Lauriers - Craig-Hallum Operator Good morning, and welcome to the Turning Point Brands' Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
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Turning Point Brands Announces Third Quarter 2023 Results and Closing of New ABL Facility
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the third quarter ended September 30, 2023. Q3 2023 vs. Q3 2022 Total consolidated net sales decreased 5.6% to $101.7 million Zig-Zag Products net sales decreased by 10.2% but stable sequentially Stoker's Pro.
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Turning Point Brands to Host Third Quarter 2023 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review third quarter 2023 results. The conference call will be on Wednesday, November 8, 2023 at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Participa.
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3 Cannabis Stocks That Should Be on Every Investor's Radar This Fall
Cannabis stocks are undoubtedly a booming opportunity. Many investors consider this sector as a great opportunity to invest and compare it with the artificial intelligence and robotics sector.
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4 Tobacco Stocks Worth Watching Despite Industry Concerns
The Zacks Tobacco industry players battle concerns surrounding soft cigarette volumes and high input costs, while pricing power and smoke-free products aid. Philip Morris (PM), Altria Group (MO), Turning Point (TPB) and 22nd Century Group (XXII) look well-placed.
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Turning Point Brands, Inc. (TPB) Q2 2023 Earnings Call Transcript
Turning Point Brands, Inc. (NYSE:TPB ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Louie Reformina - CFO Graham Purdy - CEO Summer Frein - Chief Revenue Officer Conference Call Participants Vivien Azer - TD Cowen Michael Legg - The Benchmark Company Eric Des Lauriers - Craig-Hallum Operator Good morning, and welcome to the Turning Point Brands' Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.
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Turning Point Brands Announces Second Quarter 2023 Results; Increases 2023 Guidance
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the second quarter ended June 30, 2023. Q2 2023 vs. Q2 2022 Total consolidated net sales increased 2.6% to $105.6 million Zig-Zag Products net sales increased by 1.1% Stoker's Products net sales increased by.
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Raw rolling papers founder looks to further elevate cannabis name celebrated in Wiz Khalifa song
Josh Kesselman was hanging out with a friend one day and talking about how difficult it is to roll and smoke cannabis cigarettes in the rain.
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Turning Point Brands to Host Second Quarter 2023 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review second quarter 2023 results. The conference call will be on Wednesday, August 2, 2023 at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Participan.
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Turning Point Brands Announces First Quarter 2023 Results
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the first quarter ended March 31, 2023. Q1 2023 vs. Q1 2022 Total consolidated net sales increased 0.1% to $101.0 million Zig-Zag Products net sales decreased by 8.3% due to anticipated reduction of trade inv.
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Turning Point Brands to Host First Quarter 2023 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review first quarter 2023 results. The conference call will be on Wednesday, May 3, 2023 at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S.
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The 7 Best Cannabis Stocks to Buy for April 2023
Investors looking for the best cannabis stocks may be curious whether any of the more high-profile names are buying opportunities. After all, since the sector fell out of favor, once-popular plays like Canopy Growth (NASDAQ: CGC ) and SNDL (NASDAQ: SNDL ) have fallen to rock-bottom prices.
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All You Need to Know About Turning Point Brands (TPB) Rating Upgrade to Strong Buy
Turning Point Brands (TPB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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3 Tobacco Stocks Worth Watching Despite Industry Headwinds
The Zacks Tobacco industry players are seeing low cigarette sales and commodity cost inflation. However, a focus on low-risk products and solid pricing bode well for Philip Morris (PM), Altria Group (MO) and Turning Point Brands (TPB).
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Wall Street Analysts Think Turning Point Brands (TPB) Could Surge 65.69%: Read This Before Placing a Bet
The consensus price target hints at a 65.7% upside potential for Turning Point Brands (TPB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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Turning Point Brands, Inc. (TPB) Q4 2022 Earnings Call Transcript
Turning Point Brands, Inc. (NYSE:TPB ) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET Company Participants Louie Reformina - CFO Graham Purdy – CEO Summer Frein - Chief Revenue Officer Conference Call Participants Vivien Azer - Cowen Eric Des Lauriers - Craig-Hallum Operator Good morning. And welcome to the Turning Point Brands' Fourth Quarter 2022 Earnings Conference Call.
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Turning Point Brands Announces Fourth Quarter and Full Year 2022 Results
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the fourth quarter and full year ended December 31, 2022. Q4 2022 vs. Q4 2021 Total consolidated net sales decreased 1.8% to $103.4 million Combined net sales for Zig-Zag and Stoker's Products increased 1.
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Turning Point Brands to Host Fourth Quarter and Fiscal Year 2022 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2022 results. The conference call will be on Friday, February 24, 2023 at 10:00 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Participants should dial in at least 10 minutes in advance and follow the audio prompts after typing in the Event ID. The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at http://www.turningpointbrands.com/investor-relations/events-and-presentations. The replay of the webcast will be available on the site two hours following the call. About Turning Point Brands, Inc. Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients through its iconic Zig-Zag® and Stoker’s® brands, and its emerging brands within the NewGen segment. TPB’s products are available in more than 215,000 retail outlets in North America, and on sites such as www.zigzag.com and www.solacevapor.com. For the latest news and information about TPB and its brands, please visit www.turningpointbrands.com.
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Has Turning Point Brands Reached A Turning Point?
Turning Point Brands' shares have suffered from its exposure to the controversial vaping industry. Its smoking and smokeless tobacco products are largely doing quite well, generating strong cash flows.
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Rithm Capital Corp. Elects Peggy Hwan Hebard to the Board of Directors
NEW YORK--( BUSINESS WIRE )--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that the Board of Directors of the Company (the “Board”) has elected Peggy Hwan Hebard as an independent member of the Board, effective as of January 1, 2023.
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Better Buy: GrowGeneration or Turning Point Brands?
These ancillary cannabis stocks seem to be bouncing back.
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Turning Point Brands, Inc. (TPB) Q3 2022 Earnings Call Transcript
Turning Point Brands, Inc. (NYSE:TPB ) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET Company Participants Louie Reformina - CFO Graham Purdy - CEO Conference Call Participants Vivien Azer - Cowen Eric Des Lauriers - Craig-Hallum Operator Good morning. And welcome to the Turning Point Brands Third Quarter 2022 Earnings Conference Call.
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Turning Point Brands profit falls but beats target
Turning Point Brands Inc. TPB, +6.15% said Wednesday its third-quarter earnings fell to $11.54 million, or 60 cents a share, from $13.47 million, or 65 cents a share, in the year-ago quarter. Breaking out one-time items, Turning Point Brands earned 72 cents a share.
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Turning Point Brands Announces Third Quarter 2022 Results
LOUISVILLE, Ky.
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Zig-Zag papers maker Turning Point Brands names CEO and sees third-quarter revenue topping estimates
Turning Point Brands Inc. TPB, -0.85% on Monday named long-tenured company executive Graham Purdy as chief executive officer following Yavor Efremov's resignation as CEO and director. David Glazek will transition from non-executive to executive board chairman in January.
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Turning Point Brands Appoints Long-Time Executive Graham Purdy as CEO
LOUISVILLE, Ky.
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Turning Point Brands to Host Third Quarter 2022 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review third quarter 2022 results. The conference call will be on Wednesday, October 26, 2022 at 8:30 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Participants should dial in at least 10 minutes in advance and follow the audio prompts after typing in the Event ID. The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at http://www.turningpointbrands.com/investor-relations/events-and-presentations. The replay of the webcast will be available on the site two hours following the call. About Turning Point Brands, Inc. Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients through its iconic Zig-Zag® and Stoker’s® brands, and its emerging brands within the NewGen segment. TPB’s products are available in more than 215,000 retail outlets in North America, and on sites such as www.zigzag.com and www.solacevapor.com. For the latest news and information about TPB and its brands, please visit www.turningpointbrands.com.
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Turning Point Brands: Short-Term Pain, Long-Term Gain
The share price declined by 59% due to weaker performance and a riskier debt position. Trailing twelve months' net sales declined as inflationary pressures caused changes in consumer habits.
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7 Cheap Bargain Stocks to Buy Now
As major indices remain down by double digits year-to-date (YTD), you may be on the prowl for cheap bargain stocks. Even as the market's downturn this year has been the result of a worsening macro picture, to paraphrase Warren Buffett, being “greedy when others are fearful” can be a profitable move.
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9 Cannabis Stocks on Fire This Week
Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks this week, and look ahead to how the cannabis industry will continue to develop in 2022.
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Why Turning Point Brands Stock Plunged 19.6% Today
Earnings are out and investors didn't like what they saw.
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Turning Point Brands Inc. (TPB) CEO Yavor Efremov on Q2 2022 Results - Earnings Call Transcript
Turning Point Brands Inc. (NYSE:TPB ) Q2 2022 Results Conference Call July 27, 2022 8:30 AM ET Company Participants Yavor Efremov - President, CEO Louie Reformina - CFO Graham Purdy - COO Conference Call Participants Alec Legg - B. Riley Eric Des Lauriers - Craig-Hallum Capital Group Gaurav Jain - Barclays Vivien Azer - Cowen Operator Good morning, ladies and gentlemen, and welcome to the Turning Point Brands Second Quarter 2022 Earnings Conference Call.
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Turning Point Brands (TPB) Tops Q2 Earnings Estimates
Turning Point Brands (TPB) delivered earnings and revenue surprises of 6.06% and 4.08%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
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Rolling paper company Turning Point Brands profit falls as high gas prices impact business
Turning Point Brands Inc. TPB, -2.10% said Wednesday its second-quarter net income dropped to $5.42 million, or 30 cents a share, from $15.36 million, or 73 cents a share, in the year-ago quarter. Adjusted earnings for the maker of Zig-Zag rolling papers dropped to 70 cents a share from 84 cents a share in the year-ago quarter.
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Turning Point Brands Announces Second Quarter 2022 Results
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the second quarter ended June 30, 2022. Q2 2022 vs. Q2 2021 Net sales decreased 16.1 percent to $102.9 million Combined net sales for Zig-Zag and Stoker’s Products demonstrated resilience decreasing 0.9 percent for the quarter NewGen net sales declined by 45.1 percent (declined 2.1 percent sequentially) Combined net sales for Zig-Zag and Stoker’s Products demonstrated resilience decreasing 0.9 percent for the quarter NewGen net sales declined by 45.1 percent (declined 2.1 percent sequentially) Gross profit decreased 14.2 percent to $51.5 million Net income decreased 64.7 percent to $5.4 million Adjusted EBITDA decreased 17.6 percent to $24.7 million (see Schedule A for a reconciliation to net income) Diluted EPS of $0.30 and Adjusted Diluted EPS of $0.70 as compared to $0.73 and $0.84 in the same period one year ago, respectively (see Schedule B for a reconciliation to Diluted EPS) “We are pleased with the stable performance of both the Zig-Zag and Stoker’s segments during the quarter in light of a heightened inflationary environment for our customers with rising prices at the pump impacting consumer traffic in convenience stores. While overall sales decreased 16 percent from the previous year, Zig-Zag and Stoker’s sales were steady despite weakness in the wraps and loose leaf subsegments. Zig-Zag maintained its leading positions in both the roll-your-own paper and cigar wraps markets while Stoker’s MST experienced accelerated share gains driven by consumer trade-down to the value category. Despite NewGen revenue decreasing 45 percent from last year, the segment remained relatively stable from the previous quarter and profitable as we continue to monitor FDA regulatory developments,” said Yavor Efremov, President and CEO. “We continued to deploy a substantial amount of our free cash flow towards share repurchases during the quarter while maintaining a strong balance sheet providing us with optionality on further capital deployment.” Mr. Efremov concluded, “Going forward, we maintain a favorable outlook on our underlying business and our competitive positioning. However, given the market environment during the second quarter, along with continued inflationary pressures and resulting uncertainty of consumer confidence, we feel it is prudent to adjust our outlook for the year.” Zig-Zag Products Segment (45 percent of total net sales in the quarter) For the second quarter, Zig-Zag Products remained broadly in-line with a record performance in 2021 with net sales decreasing 2.1 percent to $46.2 million against a tough comparable period when sales increased 72.3 percent in the prior year period. TPB’s U.S. rolling papers and e-commerce business, and its Canadian business both grew double-digits. However, this was offset by a decline in the cigar wraps business driven partially by a trade inventory reduction during the current period compared against a trade inventory load in the prior year period. Wild Hemp sales moved into the Zig-Zag Products segment during the current year period, which contributed $0.2 million, or 0.4 percent to segment sales. For the second quarter, total Zig-Zag Products segment volume decreased 2.3 percent, while price / mix increased 0.2 percent. For the quarter, the Zig-Zag Products segment gross profit decreased 4.7 percent to $26.4 million. The segment’s gross margin declined 160 basis points to 57.2 percent driven primarily by strong growth in lower gross margin products. “Paper cones and Zig-Zag’s e-commerce business once again drove the growth within our U.S. papers business,” said Graham Purdy, Chief Operating Officer. “Our wraps business saw a double-digit decline due to a tough comparable against a trade inventory load in the prior year period. We are excited to have recently launched distribution of CLIPPER lighters which we expect to ramp up through the second half of the year.” Stoker’s Products Segment (33 percent of total net sales in the quarter) For the second quarter, Stoker’s Products net sales increased 0.7 percent to $33.6 million. MST grew mid-single digits but was offset by a decline in loose-leaf chewing tobacco. MST represented 65 percent of Stoker’s Products revenues in the quarter, up from 62 percent a year earlier. FRE nicotine pouch products’ sales moved into the Stoker’s Products segment during the current year period and contributed $0.2 million or 0.5 percent to segment sales. For the second quarter, total Stoker’s Products segment volume decreased 6.1 percent, while price / mix increased 6.8 percent. For the quarter, the Stoker’s Products segment gross profit decreased 0.4 percent to $18.1 million. The segment’s gross margin contracted 60 basis points to 53.8 percent due to an inventory write-down of certain FRE products due to rationalization of the product line ahead of the regulatory filing deadline. The segment’s gross margin expanded 80 basis points excluding FRE. “Stoker’s continued to outperform the market with share gains in both the MST and loose-leaf chewing tobacco categories during the quarter,” continued Purdy. “With the current inflationary environment accelerating the secular down-trading trends in the industry, Stoker’s remains well positioned within its categories as a leading value brand.” NewGen Products Segment (22 percent of total net sales in the quarter) For the second quarter, NewGen Products net sales decreased 45.1 percent to $23.1 million. The regulatory environment for the vape businesses continues to impact sales. For the quarter, the NewGen Products segment gross profit decreased 50.6 percent to $7.0 million. The segment gross margin contracted 340 basis points from the previous year to 30.1 percent due to product mix and the competitive environment. “Despite another challenging quarter further impacted by new regulation around synthetic nicotine products, our vape business remained profitable,” concluded Purdy. “Meanwhile, our distribution capabilities continued to improve through the quarter as we position our business for a post-PMTA environment while our vapor products’ applications remain under FDA review.” Performance Measures in the Second Quarter Second quarter consolidated selling, general and administrative (“SG&A”) expenses were $33.3 million compared to $35.1 million in the second quarter of 2021. The second quarter SG&A included the following notable items: $0.3 million of restructuring expenses compared to none in the previous year $0.9 million of ERP / CRM scoping expenses and duplicative system costs compared to none in the previous year $1.5 million of stock options, restricted stock and incentive expense compared to $2.8 million in the year-ago period $0.4 million of transaction expenses compared to $0.7 million in the year-ago period $2.0 million of FDA PMTA-related expenses compared to $0.6 million in the year-ago period $1.6 million from the accounting consolidation of Turning Point Brands Canada compared to $1.1 in the year-ago period with the increase driven by the inclusion of a full quarter of the DVW acquisition in the current period Total gross debt as of June 30, 2022 was $422.5 million. The corresponding net debt (total gross debt less cash) at June 30, 2022 was $315.1 million. The Company ended the quarter with total liquidity of $128.8 million, comprised of $107.4 million in cash and $21.4 million of revolving credit facility capacity. During the quarter, the Company spent $8.8 million to repurchase 301,662 shares at an average price of $29.16 per share. The Company also recorded an additional impairment of $6.3 million during the quarter related to its investment in dosist. 2022 Outlook Due to the uncertain macro environment and slower than expected improvement in our NewGen Products segment, the Company now expects the following full-year 2022 results: Zig-Zag Products sales of $193 to $200 million (compared to previous outlook of $193 to $203 million) Stoker’s Products sales of $127 to $133 million Consolidated adjusted EBITDA of $97 to $103 million Earnings Conference Call As previously disclosed, a conference call with the investment community to review TPB’s financial results has been scheduled for 8:30 a.m. Eastern on Wednesday, July 27, 2022. Investment community participants should dial in 10 minutes ahead of time using the toll-free number 888-330-2502 (international participants should call 240-789-2713), and follow the audio prompts after typing in the event ID: 6640134. A live listen-only webcast of the call will be available on the Events and Presentations section of the investor relations portion of the Company website (www.turningpointbrands.com). A replay of the webcast will be available on the site two hours following the call. Non-GAAP Financial Measures In addition to financial measures prepared in accordance with generally accepted accounting principles in the United States (GAAP), this press release includes certain non-GAAP financial measures including EBITDA, Adjusted EBITDA, Adjusted diluted EPS and Adjusted Operating Income. A reconciliation of these non-GAAP financial measures accompanies this release. About Turning Point Brands, Inc. Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients through its iconic Zig-Zag® and Stoker’s® brands, and its emerging brands within the NewGen segment. TPB’s products are available in more than 215,000 retail outlets in North America, and on sites such as www.zigzag.com and www.solacevapor.com. For the latest news and information about TPB and its brands, please visit www.turningpointbrands.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intend," "plan" and "will" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by TPB in this press release, its reports filed with the Securities and Exchange Commission (the “SEC”) and other public statements made from time-to-time speak only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for TPB to predict or identify all such events or how they may affect it. TPB has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include, but are not limited to those included it the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by the Company with the SEC. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995. Financial Statements Follow: Three Months Ended June 30, 2022 2021 $ 102,925 $ 122,643 51,456 62,670 51,469 59,973 33,323 35,094 18,146 24,879 5,144 5,522 6,227 (110 ) 6,775 19,467 1,569 4,424 5,206 15,043 (218 ) (312 ) $ 5,424 $ 15,355 $ 0.30 $ 0.81 $ 0.30 $ 0.73 18,063,259 18,975,522 21,443,279 22,489,662 $ 6,141 $ 7,687 $ 171 $ 180 (unaudited) June 30, December 31, 2022 2021 $ 107,429 $ 128,320 9,177 6,496 115,129 87,607 27,353 26,746 259,088 249,169 22,376 18,650 2,111 1,363 13,749 15,053 335 388 162,385 162,333 86,566 87,485 29,224 31,720 28,475 35,399 $ 604,309 $ 601,560 $ 14,436 $ 7,361 34,560 32,937 38 38 49,034 40,336 415,410 414,172 11,934 13,336 476,378 467,844 - - 198 197 Common stock, nonvoting, $0.01 par value; authorized shares, 10,000,000; issued and outstanding shares -0- - - 110,563 108,811 (68,287 ) (48,869 ) (2,064 ) (195 ) 85,641 71,460 1,880 2,312 127,931 133,716 $ 604,309 $ 601,560 Six Months Ended June 30, 2022 2021 $ 15,977 $ 26,570 - 5,706 (8 ) (2 ) 1,750 1,546 919 954 1,291 1,251 (146 ) 1,027 2,661 4,263 (6 ) (19 ) 6,258 (34 ) (2,673 ) 3,955 (27,499 ) (12,007 ) (598 ) 813 624 599 7,240 1,423 1,359 1,370 $ 7,149 $ 37,415 $ (5,694 ) $ (2,170 ) - (3,419 ) - (8,657 ) (10,078 ) (20,147 ) 63 2 $ (15,709 ) $ (34,391 ) $ - $ 250,000 - (130,000 ) - (3,573 ) (2,181 ) (2,006 ) - (6,921 ) 475 886 (155 ) (2,111 ) (1,228 ) - (19,418 ) (14,086 ) $ (22,507 ) $ 92,189 $ (31,067 ) $ 95,213 $ 56 $ 315 128,320 41,765 15,155 35,074 143,475 76,839 107,429 157,474 5,035 14,893 $ 112,464 $ 172,367 Non-GAAP Financial Measures To supplement our financial information presented in accordance with generally accepted accounting principles in the United States, or U.S. GAAP, we use non-U.S. GAAP financial measures, including EBITDA, Adjusted EBITDA, Adjusted diluted EPS, and Adjusted Operating Income. We believe Adjusted EBITDA provides useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. Adjusted EBITDA, Adjusted diluted EPS, and Adjusted Operating Income are used by management to compare our performance to that of prior periods for trend analyses and planning purposes and are presented to our board of directors. We believe that EBITDA, Adjusted EBITDA, Adjusted diluted EPS and Adjusted Operating Income are appropriate measures of operating performance because they eliminate the impact of expenses that do not relate to business performance. We define “EBITDA” as net income before interest expense, loss on extinguishment of debt, provision for income taxes, depreciation and amortization. We define “Adjusted EBITDA” as net income before interest expense, loss on extinguishment of debt, provision for income taxes, depreciation, amortization, other non-cash items and other items that we do not consider ordinary course in our evaluation of ongoing operating performance. We define “Adjusted diluted EPS” as diluted earnings per share excluding items that we do not consider ordinary course in our evaluation of ongoing operating performance. We define “Adjusted Operating Income” as operating income excluding other non-cash items and other items that we do not consider ordinary course in our evaluation of ongoing operating performance. Non-U.S. GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with U.S. GAAP. EBITDA, Adjusted EBITDA Adjusted diluted EPS and Adjusted Operating Income exclude significant expenses that are required by U.S. GAAP to be recorded in our financial statements and is subject to inherent limitations. In addition, other companies in our industry may calculate this non-U.S. GAAP measure differently than we do or may not calculate it at all, limiting its usefulness as a comparative measure. In accordance with SEC rules, we have provided, in the supplemental information attached, a reconciliation of the non-GAAP measures to the next directly comparable GAAP measures. Three Months Ended June 30, 2022 2021 $ 5,424 $ 15,355 5,144 5,522 1,569 4,424 879 758 456 479 $ 13,472 $ 26,538 Components of Adjusted EBITDA 270 - 861 - 1,502 2,764 364 702 1,957 - 6,300 - $ 24,726 $ 30,004 Three Months Ended June 30, 2022 2021 $ 0.30 $ 0.73 0.01 - 0.03 - 0.05 0.09 0.01 0.02 0.07 - 0.23 - 0.00 (0.01 ) $ 0.70 $ 0.84 Consolidated Zig-Zag Products Stoker's Products NewGen Products 2nd Quarter 2nd Quarter 2nd Quarter 2nd Quarter 2nd Quarter 2nd Quarter 2nd Quarter 2nd Quarter 2022 2021 2022 2021 2022 2021 2022 2021 $ 102,925 $ 122,643 $ 46,226 $ 47,202 $ 33,588 $ 33,369 $ 23,111 $ 42,072 $ 51,469 $ 59,973 $ 26,430 $ 27,743 $ 18,079 $ 18,146 $ 6,960 $ 14,084 $ 18,146 $ 24,879 $ 18,503 $ 21,338 $ 13,378 $ 13,826 $ 552 $ 1,657 270 - - - - - - - 861 - - - - - - 364 702 - - - - - - 1,957 - - - - - - - $ 21,598 $ 25,581 $ 18,503 $ 21,338 $ 13,378 $ 13,826 $ 552 $ 1,657
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Wall Street Analysts Predict a 90% Upside in Turning Point Brands (TPB): Here's What You Should Know
The mean of analysts' price targets for Turning Point Brands (TPB) points to a 90.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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Turning Point Brands to Host Second Quarter 2022 Conference Call
LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review second quarter 2022 results. The conference call will be on Wednesday, July 27, 2022 at 8:30 a.m. Eastern to discuss results with the investment community. Interested analysts and professional investors can register and participate through one of these call-in numbers: (888) 330-2502 (U.S., toll-free) (240) 789-2713 (International) Event ID: 6640134 Participants should dial in at least 10 minutes in advance and follow the audio prompts after typing in the Event ID. The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at http://www.turningpointbrands.com/investor-relations/events-and-presentations. The replay of the webcast will be available on the site two hours following the call. About Turning Point Brands, Inc. Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients through its iconic Zig-Zag® and Stoker’s® brands, and its emerging brands within the NewGen segment. TPB’s products are available in more than 215,000 retail outlets in North America, and on sites such as www.zigzag.com and www.solacevapor.com. For the latest news and information about TPB and its brands, please visit www.turningpointbrands.com.
businesswire.com
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Are These Cannabis Stocks Heating Up or Just Blowing Smoke?
Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks this week, and look ahead to how the cannabis industry will continue to develop in 2022.
schaeffersresearch.com
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Cowen names Turning Point Brands as 'best small-to-midcap' idea for 2022
Cowen analyst Vivien Azer on Friday tapped Turning Point Brands TPB, -1.57% as a best small-to-midcap [smidcap] investing idea for 2022 as consumers turn to its Stoker's chewing tobacco and Zig-Zag rolling papers for cannabis. "Value-priced Stoker's positions TPB for continued market share gains, while sustained growth in Zig-Zag/cannabis should be driven by innovation and expanded distribution.
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SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Turning Point Therapeutics, Inc. Buyout
Wilmington, Delaware--(Newsfile Corp. - June 3, 2022) - Rigrodsky Law, P.A. is investigating Turning Point Therapeutics, Inc. ("Turning Point") (NASDAQ: TPTX) regarding possible breaches of fiduciary duties and other violations of law related to Turning Point's agreement to be acquired by Bristol-Myers Squibb Company (NYSE: BMY). Under the terms of the agreement Turning Point's shareholders will receive $76.00 in cash for each share of Turning Point common stock they own.To learn more about this investigation...
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10 Recession-Proof Stocks to Buy Right Now
With prominent voices warning about a possible downturn ahead, it's time to consider the best recession-proof stocks to buy. The post 10 Recession-Proof Stocks to Buy Right Now appeared first on InvestorPlace.
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