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Some Shareholders Feeling Restless Over Tootsie Roll Industries, Inc.'s (NYSE:TR) P/E Ratio
Real cocoa is unaffordable, the Confectioners company laboratory is looking for "alternatives."
Analysts say that if the method of obtaining cocoa does not change, there will be no chocolate in twenty years. With cell-cultivated cocoa, this Industry will no longer need to rely on nature. Chocolate and Confectioners companies are beginning to invest in companies that develop "lab cocoa." Earlier this month, the maker of Oreo participated in a seed round financing of 4.5 million dollars for the startup Celleste Bio, which focuses on cell-cultivated cocoa.
Here's Why We Think Tootsie Roll Industries (NYSE:TR) Is Well Worth Watching
W. Edmund Clark, C.M. to Complete Service on Thomson Reuters' Board of Directors at AGM
Earnings Growth of 5.4% Over 3 Years Hasn't Been Enough to Translate Into Positive Returns for Tootsie Roll Industries (NYSE:TR) Shareholders
Express News | Tootsie Roll Industries- Adjustment to Deferred Tax Assets Expected to Results in Non-Cash Tax Charge of $11-$12 Million in Q4