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TR - Tootsie Roll Should Amp Its Acquisition Strategy
Tootsie Roll Industries Inc.
An investment thesis in Tootsie Roll Industries (TR) could be based on the resilience of its stock price through the market turmoil caused by the COVID-19 pandemic. After all, chocolate is considered an indulgence, but an accessible one. According to The Hershey Company (HSY), chocolate is the most preferred snack during the current quarantines.
Or, an investment thesis in Tootsie Roll could be based on the company's designation as a Dividend King, defined as a company that has raised its dividend for over 50 years.