TR - What Tootsie's Price Really Implies
Nobody has missed the fact that Tootsie Roll Industries (NYSE:TR) is trading at a PE ratio higher than that of some of the most talked about and beloved tech giants like Apple Inc. (NASDAQ:AAPL). A superficial look may indicate a rich valuation, but is there a strong enough valuation case to consider doing something like shorting the stock?
Caretaker Management
The 10-K business section, typically the place where the merits of a company are elaborated, is extremely sparse in Tootsie's case. Just over a page long, it makes general remarks about