11 Comments

Nice research, good breakdown and certainly an interesting company.

Expand full comment
author

Thanks and I agree. I’m excited to see where this company goes in the next few years. I like them a lot

Expand full comment

Have you considered doing a sum of the parts analysis for these guys? I think seeing the value of each individual business segment would be really interesting (if they report each segment separately). Maybe a potential catalyst could be selling off one of these business segments if the conglomerate discount is too high.

Expand full comment

I'm betting that the vaping business could be dragging down the valuation due to potential regulation in the industry. Maybe selling off the business could result in a higher multiple?

Expand full comment
author

The reason why the stock tanked so much is because they reduce their dividend. Ever since then the stock has been on a downward spiral. The stock seems to have bottomed though.

Expand full comment
author

They do report each segment separately. I will have to look into that. Thanks for the suggestion

Expand full comment

Great article as always. Got them on my radar ever since you told me about them. Let's hope we'll get a second change to buy them!

Expand full comment
author

Fingers cross man. I’m waiting patiently on this one

Expand full comment
Jan 17, 2023Liked by Wesley

That's a great coverage on this company. Didn't know if them until now. That background info was very interesting.

Expand full comment
author

Thanks. Glad I could provide an insight into this company. It is at the top of my watchlist right now because I missed it last year because I was too slow to act.

Expand full comment
Comment deleted
Expand full comment
author

Thanks. It is definitely an interesting company that I like a lot and will allocate a big position if it got cheap again. Unfortunately this company was my biggest miss last year because I didn’t buy it. I just watched it run up 58%.

Expand full comment