I’m sitting here waiting for the main event. In the meantime, yesterday Orchids Paper Products Company (TIS) reported and beat estimates. TIS is back to trading just below $30 a share.
Sales jumped 5% but earnings per share fell 7%. The company is highlighting that total earnings also rose, but they are sort of glossing over that the increase wasn’t enough to compensate for new shares outstanding. Still, TIS is growing so I will reserve judgment until I have a good look at the filing.
Anyway the market reaction is positive so the stock is up and that really matters most.
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