{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"Tootsie Roll Stock: A Debt-Free Candy Fortress — But Why We Say HOLD After Q2 Earnings (TR)","slug":"tootsie-roll-stock-a-debt-free-candy-fortress-but-why-we-say-hold-after-q2-earnings-tr","published_at":"2026-07-25T00:27:44+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/tootsie-roll-stock-a-debt-free-candy-fortress-but-why-we-say-hold-after-q2-earnings-tr","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/tootsie-roll-stock-a-debt-free-candy-fortress-%e2%80%94-but-why-we-say-hold-after-q2-earnings-tr/","audio_url":"https://mcdn.podbean.com/mf/web/mjt1wvdgad88uabj/audio_c.mp3","summary":"Tootsie Roll Industries (TR) Q2 2026 — Tootsie Roll Industries (TR) reported a soft Q2 2026 (quarter ended June 30): net sales slipped ~1% to $151.9M, but net earnings fell 24% to $13.3M and EPS dropped to $0.18 from $0.23 a year ago. Management blamed a sales-timing shift from Q2 into Q3 and, more importantly, a margin squeeze from sharply higher cocoa and chocolate costs plus elevated energy, freight and packaging. First-half sales were $301.4M (+1%) with earnings of $31.0M (EPS $0.41 vs $0.47). The story with Tootsie Roll is the fortress balance sheet: ~$113M cash plus ~$483M of investments (~$596M total) against just ~$14M of debt — roughly $8/share of net cash and investments. The catch is the price: at ~$37.52 the stock trades ~27x earnings for a business that isn't growing and whose profit just fell. Because TR is a low-beta (0.4), bond-like name, we ran a blended owner-earnings DCF at a generous 6-8% discount and still land near $29 fair value — about 23% below the price. TR is essentially uncovered by Wall Street, so we anchor on our own model. Our call: HOLD. Tootsie Roll is one of the most beloved, most conservative companies on the market — a century-old candy maker (Tootsie Rolls, Tootsie Pops, Junior Mints, Dots, Andes, Charms Blow Pops) with essentially no debt and nearly $600M of cash and investments, run for decades by the Gordon family, who control a majority of the vote. The stock is so steady its beta is just 0.4 — it trades more like a bond than a stock. But Q2 2026 was soft: net sales dipped ~1% to $151.9M while net earnings fell 24% to $13.3M (EPS $0.18 vs $0.23) as record-high cocoa costs and elevated energy, freight and packaging squeezed margins. Management expects cocoa relief in the back half of 2026 into 2027. The real debate isn't quality…","meta_description":"Tootsie Roll Industries (TR) Q2 2026 — Tootsie Roll Industries (TR) reported a soft Q2 2026 (quarter ended June 30): net sales slipped ~1% to $151.9M, but…","key_points":[],"chapters":[],"topics":[],"duration_seconds":799,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/tootsie-roll-stock-a-debt-free-candy-fortress-but-why-we-say-hold-after-q2-earnings-tr/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/tootsie-roll-stock-a-debt-free-candy-fortress-but-why-we-say-hold-after-q2-earnings-tr.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}