Tootsie Roll Vs. Hershey

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Tootsie Roll vs. Hershey: Tootsie Roll Industries, Inc. started in 1896, when Austrian Leo Hirshfield created an individually wrapped oblong piece of chewy chocolate candy. This oblong piece of chocolate candy that was named after his daughter quickly became a customer favorite. Since then Tootsie Roll Industries has manufactured and sold some of the world’s most popular confectionary brands of candy, chocolate and bubble gum. Some of the popular products that Tootsie Roll Industries sell around the world include, Tootsie Rolls, Tootsie Pops, Andes Mints, Double Bubble, Dots and many more. Hershey, a long time competitor of Tootsie Roll Industries, Inc was also started back in the late 1800’s by a man from rural Pennsylvania named Milton Hershey. His company took flight when he decided to introduce a chocolate coating to his caramels. With this new found fame he created the Hershey Chocolate Company in Derry Pennsylvania and by the early 1900’s was using the rich milk from the nearby dairy farmers to produce and manufacture his delicious milk chocolate. Some of the delicious products that Hershey sells worldwide are Hershey Milk Chocolate, Twizzlers, Kit Kat, Reese’s, Almond Joy and many more. Today both Tootsie Roll Industries and Hershey are widely known for their candy products along with being publicly traded on the New York Stock Exchange. Although an investor may love to eat the chocolate, they may not want to take that into consideration when deciding on whether or not to invest their hard earned money. Three items they may want to consider instead is the liquidity, solvency and profitability of the company. In the next three paragraphs I will analyze and compare the 2007 financial data for both Tootsie Roll Industries and Hershey based on the three types of analysis. Liquidity What is liquidity? Well, it is basically the company’s

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