TR - 3 Stocks Anyone Can Understand
Understanding the companies we invest in is the first step of investing, and it's easier to do than you might think. In fact, Tootsie Roll Industries (NYSE: TR), Calavo Growers (NASDAQ: CVGW), and GoPro (NASDAQ: GPRO) are three diverse businesses so simple that anyone can understand. And once you grasp these three stocks, you'll get the confidence boost you need to try to understand any other stocks you're interested in.
An iconic candy company, Tootsie Roll Industries was founded in 1896. It's a simple business: 99.6% of all revenue comes from candy. The company doesn't just own its namesake chocolate chew; it has many candy brands such as Charleston Chew, Junior Mints, Dots, and Dubble Bubble. Ever had any of those in your Halloween pumpkin?
Image source: Tootsie Roll Industries.