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Last $23.36 USD
Change Today -0.14 / -0.60%
Volume 357.8K
VGR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

4400 Biscayne Boulevard

Miami, FL 33137

United States

Phone: 305-579-8000

Fax:

Vector Group Ltd. engages in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc. subsidiaries. The company also engages in the sale of electronic cigarettes (e-cigarettes) in the United States through its Zoom E-Cigs LLC (Zoom) subsidiary; and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire additional operating companies and real estate properties. Tobacco Operations Liggett and Vector Tobacco Inc. manufacture and sell cigarettes in the United States. Liggett produces cigarettes in 117 combinations of length, style and packaging. Liggett’s brand portfolio includes EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, EVE, and USA and various partner brands and private label brands. Sales, Marketing and Distribution: Liggett’s products are distributed from a central distribution center in Mebane, North Carolina to 17 public warehouses located throughout the United States. Customers: Liggett’s customers are primarily candy and tobacco distributors, the military and large grocery, drug and convenience store chains. One customer, McLane Company, Inc., accounted for 19% of Liggett's revenues in 2014. Business Strategy: Liggett’s business strategy is to capitalize upon its cost advantage in the United States cigarette market resulting from the favorable treatment that the company’s tobacco subsidiaries receive under settlement agreements with the states and the MSA. Liggett’s long-term business strategy is to continue to focus its marketing and selling efforts on the discount segment of the market, to continue to build volume and margin in its core discount brands (EAGLE 20’s, PYRAMID, GRAND PRIX, LIGGETT SELECT, and EVE), and to utilize its core brand equity to selectively build distribution. Competition: Liggett competes with Philip Morris USA Inc.; RJ Reynolds Tobacco Company (which is part of Reynolds American Inc.); and Lorillard Tobacco Company. The company’s major competitor is Commonwealth Brands, Inc., which was acquired by Imperial Tobacco. E-Cigarettes Zoom entered the emerging United States e-cigarette market in limited retail distribution outlets in January 2014. In January 2014, the company announced the national rollout of its Zoom e-cigarette brand. New Valley LLC New Valley LLC engages in the real estate business and is seeking to acquire additional real estate properties and operating companies. New Valley LLC owns a 70.59% interest in Douglas Elliman Realty, LLC (Douglas Elliman Realty or Douglas Elliman), which operates the primary residential brokerage company in the New York City metropolitan area, which is known as Douglas Elliman Real Estate. New Valley LLC also holds investment interests in various real estate projects domestically and internationally. Business Strategy: The business strategy of New Valley LLC is to continue to operate its real estate business, to acquire additional real estate properties and to acquire operating companies through merger, purchase of assets, stock acquisition or other means, or to acquire control of operating companies through one of such means. Douglas Elliman Realty In addition to owning the major residential brokerage company in the New York City metropolitan area, Douglas Elliman Realty owns Residential Management Group LLC, which conducts business as Douglass Elliman Property Management and is the New York metropolitan area’s primary manager of rental, co-op and condominium housing, Title Services business and a 49.9% interest in a joint venture, which conducts business as a residential mortgage lender. Real Estate Brokerage Business: Douglas Elliman Real Estate engages in the real estate brokerage business through its seven subsidiaries. The seven brokerage companies have 79 offices with approximately 5,500 real estate agents in the metropolitan New York area, as well as South Florida, Beverly Hills, California, and Aspen. The Long Island brokerage operation is headquartered in Huntington, New York and is the major residential brokerage company on Long Island with 37 offices and approximately 1,927 real esta

 

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Valuation VGR Industry Range
Price/Earnings 46.1x
Price/Sales 2.2x
Price/Book NM Not Meaningful
Price/Cash Flow 49.3x
TEV/Sales 1.0x
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