David Glazek - Turning Point Independent Director Chairman of the Board

TPB Stock  USD 28.24  0.46  1.66%   

Chairman

Mr. David Glazek serves as Lead Independent Director of the Company. He has served as a director of our company since November 2012 and is our Lead Independent Director. Mr. Glazek is a Partner of Standard General L.P., the majority owner of SDI, and he was with Standard General since 2008. He was formerly an investment banker at Lazard Frres Co. from 2000 to 2003 and from 2006 to 2008. Mr. Glazek holds a bachelor of arts from the University of Michigan and a J.D. from Columbia Law School. Mr. Glazek currently serves as a director of SDI and Donau Carbon US LLC. since 2019.
Age 43
Tenure 5 years
Address 5201 Interchange Way, Louisville, KY, United States, 40229
Phone502 778 4421
Webhttps://www.turningpointbrands.com/home/default.as
Glazek holds a bachelor of arts from the University of Michigan and a J.D. from Columbia Law School.

David Glazek Latest Insider Activity

Tracking and analyzing the buying and selling activities of David Glazek against Turning Point stock is an integral part of due diligence when investing in Turning Point. David Glazek insider activity provides valuable insight into whether Turning Point is net buyers or sellers over its current business cycle. Note, Turning Point insiders must abide by specific rules, including filing SEC forms every time they buy or sell Turning Point'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Turning Point Management Efficiency

The company has Return on Asset of 0.0923 % which means that on every $100 spent on assets, it made $0.0923 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2847 %, implying that it generated $0.2847 on every 100 dollars invested. Turning Point's management efficiency ratios could be used to measure how well Turning Point manages its routine affairs as well as how well it operates its assets and liabilities. At present, Turning Point's Return On Tangible Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.07, whereas Return On Capital Employed is forecasted to decline to 0.13. At present, Turning Point's Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 91.2 M, whereas Total Assets are forecasted to decline to about 376.4 M.
The company has 377.99 M in debt with debt to equity (D/E) ratio of 3.36, meaning that the company heavily relies on borrowing funds for operations. Turning Point Brands has a current ratio of 5.17, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Turning Point until it has trouble settling it off, either with new capital or with free cash flow. So, Turning Point's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Turning Point Brands sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Turning to invest in growth at high rates of return. When we think about Turning Point's use of debt, we should always consider it together with cash and equity.
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky. Turning Point operates under Tobacco classification in the United States and is traded on New York Stock Exchange. It employs 426 people. Turning Point Brands (TPB) is traded on New York Stock Exchange in USA. It is located in 5201 Interchange Way, Louisville, KY, United States, 40229 and employs 373 people. Turning Point is listed under Tobacco category by Fama And French industry classification.

Management Performance

Turning Point Brands Leadership Team

Elected by the shareholders, the Turning Point's board of directors comprises two types of representatives: Turning Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Turning. The board's role is to monitor Turning Point's management team and ensure that shareholders' interests are well served. Turning Point's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Turning Point's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brian Harriss, CFO
Summer Frein, Chief Marketing Officer
Louie Reformina, Chief Financial Officer, Senior Vice President
John Charnovich, Chief Officer
Assia GrazioliVenier, Independent Director
Robert Lavan, Chief Financial Officer, Senior Vice President
Lorenzo Plano, Chief Officer
Andrew Flynn, Senior CFO
Graham Purdy, Chief Operating Officer, Senior Vice President
Brian Wigginton, Chief Accounting Officer, Vice President - Finance
Alicia Carrasco, Chief Officer
Ashley Frushone, Independent Director
David JD, Executive Chairman
Robert Rothenberg, Director
Lawrence Wexler, President, Chief Executive Officer, Director
Yavor Efremov, President, Chief Executive Officer, Director
Peggy Hebard, Independent Director
H Diao, Independent Director
Jack Africk, Vice Chairman of the Board and Presidentident, CEO
Geoffrey Gorman, Director
Arnold Zimmerman, Independent Director
Gregory Baxter, Independent Director
James Dobbins, Senior Vice President General Counsel, Secretary
Thomas Helms, Non-Executive Chairman of the Board
Brittani Cushman, Senior Vice President, General Counsel, Corporate Secretary
Frank Vignone, Senior Sales
David Glazek, Independent Director Chairman of the Board
Stephen Usher, Independent Director
James Murray, Senior Vice President - Market Planning & Strategy

Turning Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Turning Point a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Turning Point Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Turning Point's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Turning Point Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Turning Point Brands Stock:
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Is Turning Point's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turning Point. If investors know Turning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turning Point listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.04)
Dividend Share
0.26
Earnings Share
2.01
Revenue Per Share
23.062
Quarterly Revenue Growth
(0.06)
The market value of Turning Point Brands is measured differently than its book value, which is the value of Turning that is recorded on the company's balance sheet. Investors also form their own opinion of Turning Point's value that differs from its market value or its book value, called intrinsic value, which is Turning Point's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turning Point's market value can be influenced by many factors that don't directly affect Turning Point's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turning Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turning Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turning Point's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.