VectorNYSE: VGR

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced a partner integration package with LangChain that will simplify the import of vector database and retrieval capabilities of Elasticsearch into LangChain applications. This deeper collaboration and native support will empower developers to leverage common retrieval strategies to bring greater context, relevancy, and accuracy to their application builds. “Our collaboration with Elastic in the last 12 mont.

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WILMINGTON, Mass.--(BUSINESS WIRE)--Charles River Laboratories International, Inc. (NYSE: CRL) today announced the introduction of its Modular and Fast Track viral vector technology (tech) transfer frameworks. Based on decades of viral vector contract development and manufacturing organization (CDMO) experience, the Company has designed a methodical program to drive successful, accelerated process transfer to its Maryland-based viral vector center of excellence (CoE) in as little as nine months.

Vector Group (VGR) reported earnings of $0.24 per share for the quarter, falling short of the Zacks Consensus Estimate of $0.25 per share. This is higher than the earnings of $0.22 per share from the same quarter last year.

Vector Group Ltd. has gained 42.87% over the last 5 years and is undervalued with double-digit upside potential. VGR has a strong dividend history, beating sector medians, and a resilient and profitable tobacco business segment. The company's low-cost business model, growing market share, and attractive valuation make it a compelling investment opportunity.

Vector Group Ltd. is a diversified holding company in the tobacco sector, with its brands, including the fourth largest cigarette brand in the US, Montego. The company's operating income increased by 7.6% in 2022, driven by the sales of its Montego brand. Regulatory challenges, such as the FDA's potential ban on menthol cigarettes, could impact VGR's products, but the stock is undervalued and offers a robust dividend yield.

Vector Group stands out by engaging in both tobacco sales and luxury real estate development, presenting a unique combination of industries under one corporate umbrella. The company's historical emphasis on dividend payments, coupled with an aggressive push into real estate development, raises the risk of a potential dividend cut, creating a challenge for income-focused investors. Vector's focus on the discount segment is supported by a differentiated distribution network. Liggett deliberately sells cigarettes through tobacco outlets and mass merchandisers rather than convenience stores.

Vector Group Ltd. (NYSE:VGR ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Howard Lorber - President & Chief Executive Officer Nick Anson - President & Chief Operating Officer-Liggett Vector Brands Bryant Kirkland - Chief Financial Officer Conference Call Participants Karru Martinson - Jefferies Operator Welcome to Vector Group Ltd.

Vector Group has gained market share among U.S. cigarette manufacturers. The company's Q2 earnings report was highlighted by climbing EBITDA. We like the stock's compelling 8% dividend yield, supported by strong underlying cash flows.