Professional
Added to YB: 2020-07-21
Pitch date: 2020-07-21
TPB [bullish]
Turning Point Brands, Inc.
+283.37%
current return
Author Info
No bio for this author
Company Info
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products in the United States and Canada.
Market Cap
$2.0B
Pitch Price
$28.59
Price Target
N/A
Dividend
0.29%
EV/EBITDA
18.08
P/E
173.10
EV/Sales
4.73
Sector
Tobacco
Category
special_situation
Maran Partners new position: Turning Point Brands (TPB)
TPB: Cigar/vape co. Previously owned, re-entered post merger w/ parent SDI simplifying structure. Bought at 1x FCF w/ strong growth ahead. Stable core + M&A (acq. $7M EBITDA for $46M). Momentum building in Q2. Merger reduced share count 1.5% at no cost. Attractive at <10x FCF for asset-light biz w/ high ROIC.
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