Turning Point Brands Inc (NYSE:TPB)
$ 32.86 0.16 (0.49%) Market Cap: 579.05 Mil Enterprise Value: 826.01 Mil PE Ratio: 14.48 PB Ratio: 3.62 GF Score: 79/100

Turning Point Brands Inc at Morgan Stanley Global Consumer Conference (Virtual) Transcript

Dec 03, 2020 / 03:00PM GMT
Release Date Price: $39.94 (+0.30%)
Pamela Kaufman;Lawrence S. Wexler
Morgan Stanley, Research Division - Senior Analyst;

I'm Pam Kaufman, Morgan Stanley's U.S. tobacco and food analyst. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.

For the next session, I'd like to introduce Turning Point Brands. As background, Turning Point operates in 3 main segments: smokeless products through the Stoker's brand; smoking products such as Zig-Zag rolling papers and wraps; and third, its NewGen segment, which manufactures nicotine liquids for open-tank vaping systems and also distributes third-party liquids and devices.

Here today to walk us through the company's strategy and vision is Turning Point's Chief Executive Officer, Larry Wexler. I'll pass the call on to Larry for a brief overview of the business, and then we can jump into Q&A.

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