Why This Tobacco Company Is Booming in 2020

When most investors think of tobacco companies, they think of companies like Philip Morris, but there is a smaller tobacco company that enterprising investors should familiarize themselves with called Turning Point Brands (NYSE: TPB). Turning Point is a leader in the Other Tobacco Products (OTP) category, which consists of tobacco products other than cigarettes; these include the likes of e-cigarettes, roll-your-own, and smokeless tobacco products. Despite the challenges brought on by 2020, Turning Point is having its best year ever, which is evident from the company's reported earnings.