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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16568411" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Tootsie Roll gains 6% as short squeeze action outruns underlying valuation</strong></span></p><p>Jan. 29, 2021 8:15 AM ET<a href="https://seekingalpha.com/symbol/TR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ATR" target="_blank">Tootsie Roll Industries, Inc. (TR)</a><a href="https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Clark Schultz</a>, SA News Editor</p><ul> <li data-xf-list-type="ul">Shares of Tootsie Roll (NYSE:<a href="https://seekingalpha.com/symbol/TR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">TR</a>) are up 5.72% in premarket action to $41.00 as the volatile trading in the highly-shorted stock continues.</li> <li data-xf-list-type="ul">Tootsie Roll is up 30.57% YTD and 17.10% over the last 52 weeks as shorts have yet to see the downside destruction they have been betting on for an extended period of time.</li> <li data-xf-list-type="ul">Seeking Alpha author Patrick Doyle say he likes Tootsie Roll's wonderful business and sustainable dividend, but leaves some pretty clear advice for shareholders.</li> <li data-xf-list-type="ul">"I think Tootsie Roll is too expensive at $43 per share. For that reason, I’ll be selling my shares. Just because I don’t think there’s value at $43 doesn't mean there’s no value here. I’d be happy to buy back in at $26, and the options market thankfully offers me the opportunity to potentially do just that," he writes.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16568411, member: 137766"] [size=6][b]Tootsie Roll gains 6% as short squeeze action outruns underlying valuation[/b][/size] Jan. 29, 2021 8:15 AM ET[URL='https://seekingalpha.com/symbol/TR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ATR']Tootsie Roll Industries, Inc. (TR)[/URL][URL='https://seekingalpha.com/author/sa-editor-clark-schultz?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Clark Schultz[/URL], SA News Editor [LIST] [*]Shares of Tootsie Roll (NYSE:[URL='https://seekingalpha.com/symbol/TR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']TR[/URL]) are up 5.72% in premarket action to $41.00 as the volatile trading in the highly-shorted stock continues. [*]Tootsie Roll is up 30.57% YTD and 17.10% over the last 52 weeks as shorts have yet to see the downside destruction they have been betting on for an extended period of time. [*]Seeking Alpha author Patrick Doyle say he likes Tootsie Roll's wonderful business and sustainable dividend, but leaves some pretty clear advice for shareholders. [*]"I think Tootsie Roll is too expensive at $43 per share. For that reason, I’ll be selling my shares. Just because I don’t think there’s value at $43 doesn't mean there’s no value here. I’d be happy to buy back in at $26, and the options market thankfully offers me the opportunity to potentially do just that," he writes. [/LIST] [/QUOTE]
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