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    Nauman Toor • Blackroot Capital

    Nauman Toor is the Founder and Portfolio Manager of Blackroot Capital, specializing in small and mid-cap public equities with a focus on alternative investments and asset management. He actively manages significant positions in companies such as Amerigo Resources Ltd. and Tidewater Midstream, where he is a 10% security holder, reflecting a performance track record marked by substantial equity stakes and an estimated net worth exceeding $54 million. Toor began his investment career as a Managing Director at Jefferies, ultimately founding Blackroot Capital in 2007 after serving as Chief Investment Officer at Luzich Partners, and currently also serves as Chairman of the Board at Innodata Inc. He holds an MBA from Harvard Business School and a BA in Economics/Mathematics from Ohio Wesleyan University, bringing extensive expertise in financial analysis, trading, and corporate finance to his roles.

    Nauman Toor's questions to Myers Industries Inc (MYE) leadership

    Nauman Toor's questions to Myers Industries Inc (MYE) leadership • Q3 2024

    Question

    Nauman Toor asked if any of the announced cost-cutting measures were reflected in Q3 results and questioned the strategic rationale for retaining the Distribution business within the company's high-graded portfolio.

    Answer

    CFO Grant Fitz clarified that the cost-cutting initiatives did not have a significant impact on Q3 results, with benefits expected to materialize starting in Q4 and more fully in 2025. Interim CEO Dave Basque defended the Distribution business, stating it is part of Myers' heritage and the company is committed to improving its profitability. Fitz added that while power brands are targeted for high growth, the Distribution business is expected to be a GDP-level growth business.

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