Black People : 1ST THE TWINKIE, NOW THE TOOTSIE ROLL?

Discussion in 'Black People Open Forum' started by Kemetstry, Aug 26, 2013.

  1. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    [​IMG]Here's the issue: Tootsie Roll (TR -5.85%), a venerable American iconic candy, fell $1.94 to $31.95 on Monday.

    Some of the decline was due to the overall stock market decline set off when Secretary of State John Kerry said the use of chemical weapons in attacks on civilians in Syria last week was undeniable.
    But the stock was already off 5% when Kerry started to speak.
    So what happened? There was no news from the company. It famously issues only the bare minimum of financial reports. It doesn't hold conference calls with analysts. It hasn't had any analyst coverage in two years.
    But the stock did hit a 52-week high of $35.25 on Aug. 1 and has fallen 11% since. The Dow Jones Industrial Average ($INDU -0.43%) is off 4.4% in the same time frame.
    The stock was downgraded to sell last week by analyst Hunter Orr of Alpha Street Research, and there have been worries over the last year or so about its growth.
    To be sure, Tootsie Roll has some of the best-known candy brands around, including Charms Blow Pops, Sugar Daddy caramels, Charleston Chews, Junior Mints, Dubble Bubble chewing gun, and Dots gumdrops.
    Still, there are a number of uncertainties about the company.
    The biggest is leadership and whether there's a succession plan. CEO Melvin Gordon is 93, the oldest CEO for a company listed on the New York Stock Exchange. His wife Ellen is the president. She's 83. Together, they control 46.8% of the class A shares and 82.2% of its class B shares.
    There are some issues. Revenue of $544 million in the 12 months ended June 30 was off 5.7% from a year earlier. 2012 revenue of $549 million was up 3.3% from 2011. Earnings per share have been static since 2009.
    The company faces ever stronger competition from Hershey (HSY -2.21%), which has revenue of nearly $7 billion, and privately held M&M Mars (maker of M&Ms) and other confectioners.
    And the stock has had a wildly volatile history. It hit $83.37 in 1993 and has $77.50 in 1998 but has been trading between $47 and $21 since 2000.
    For the record, the Dow finished Monday down 64 points to 14,946. The Standard & Poor's 500 Index ($INX -0.40%) was down 7 points to 1,657. The Nasdaq Composite Index ($COMPX -0.01%) had higher for most of the day but ended down slightly at 3,658.
    Syria was the biggest problem for the market. But a weaker-than-expected durable goods orders report also hurt.
    Crude oil (-CL) in New York fell 50 cents to $105.92 Brent crude fell 31 cents to $110.73.
    Gold (-GC) fell $2.70 to $1,393.10. Silver (-SI) rose 27.2 cents to $24.01. Gold is up 6.1% in August; silver is up 22.3%.
    As my colleague Anthony Mirhaydari also noted, agricultural commodity prices jumped on Monday-- because of worries the farm harvests in the fall won't be as big as had been expected.
    Tuesday brings the S&P/Case-Shiller Home Price Index and the Conference Board's August report on consumer confidence. Tiffany (TIF -0.40%) and TIVO (TIVO -1.59%) are among the corporate earnings reports due.




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  2. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    http://destee.com/index.php?threads...o-go-out-of-business.74002/page-7#post-786949

    http://destee.com/index.php?threads...o-go-out-of-business.74002/page-8#post-810584

     
  3. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    bot





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  4. Kamau47

    Kamau47 Well-Known Member MEMBER

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    All I know is that I got my Twinkles back. ;-)
     
  5. Khasm13

    Khasm13 STAFF STAFF

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    this ish's are nasty....they can disapear into the wind for all i care...lol

    one love
    khasm
     
  6. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    :rofl:
     
  7. Kamau47

    Kamau47 Well-Known Member MEMBER

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    Never did care for them myself either. But they have been around as long as the sun, so I gotta give them their props.
     
  8. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    :rofl:
     
  9. info-moetry

    info-moetry STAFF STAFF

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    Lol.....who cares about a tootsie roll or a Twinkie?

    But, I do have to say that thread is oooooh, so sweet...
     
  10. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    lol





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