Turning Point Brands: Little Asymmetrical Upside Left (Rating Downgrade)

Company Overview - Turning Point Brands, Inc. (NYSE: TPB) specializes in selling rolling paper, snuff tobacco, and nicotine pouches among other related products [1] Financial Performance - The company reported preliminary Q4 results on February 10, indicating ongoing financial activities and performance metrics [1] Investment Philosophy - The investment philosophy focuses on identifying mispriced securities by understanding the drivers behind a company's financials, often revealed through a DCF model valuation [1]