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TROLB - Tootsie Roll Industries Needs A Major Acquisition To Grow
Tootsie Roll Industries Inc
Investment Thesis
Tootsie Roll Industries (TR) has experienced a revenue and sales plateau. The main reason for this is a management's lack of interest in taking a more aggressive approach in terms of a more than needed M&A strategy. This lack of interest is clearly reflected in the fact that the company spends all of its surpluses on paying dividends and buying back shares indefinitely while maintaining a virtually nonexistent debt.
All directors and executive officers own a whopping ~55% of common outstanding shares, and ~83% of class B outstanding shares. Although high