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TR - Tootsie Roll: Slow And Steady Has Its Virtues
Tootsie Roll Industries Inc.
Introduction And Thesis
I last wrote about Tootsie Roll Industries (TR) over one year ago. I was very bearish at the time due to the overvaluation and declining top line. The stock price has barely budged since then and the stock is still overvalued but top line growth is now positive. Slow and steady also has its virtues. Tootsie Roll is one of the few stocks that is still up year-to-date with a gain of approximately 8.5% as of this writing. That is no mean feat as the stock market has been pummeled