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Article: Tootsie stock is not ready to roll
- Article from:
- The Herald News - Joliet (IL)
- Article date:
- May 11, 2003
CopyrightCopyright (c) 2003 The Herald News (Joliet, IL). (Hide copyright information)
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Dear Mr. Berko: I have always been interested in Tootsie Roll, which was my favorite candy when I was a kid. I recently saw the stock trading at $29 a share. That is down from $48 last year. Do you think it would be good to buy 30 shares for my individual retirement account?
K.F.
Aurora, Ill.
Dear K.F.: Melvin Gordon, Tootsie's 83-year-old chairman and chief executive officer, and Ellen Gordon, Tootsie's 71-year-old president and chief operating officer, control 74 percent of the voting power of this 107-year-old candy company.
The Gordons, who have been running Tootsie Roll Industries Inc. (TR-$29) since 1962, are not the founders. Leo Hirshfield, an Austrian immigrant brought his chewy ...
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Article: Tootsie Roll sticks Dubble Bubble in its stable.
Knight Ridder/Tribune Business News;
September 2, 2004 ;
641 words
... ... ended Dec. 31, 2003. Tootsie Roll recorded sales of $393 ... Charms Blow Pop, marketed by Tootsie Roll. Dubble Bubble has a rich ... baseball cards. Shares of Tootsie Roll closed at $30.91 Wednesday ... reprints@krtinfo.com. TR,
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