- Vector Group splitting it's Tobacco segment and RE brokerage segment
- Tobacco segment is holding onto RE portfolio (mostly in NYC) — strange it's not going with the brokerage business
- Brokerage business benefitted a ton in TTM period from hyperactive RE activity
- Tobacco segment looks like it's actually gaining market share?
- Link to Form 10 filing
- It's possible the tobacco business is worth the entire enterprise value of the company... unless the spike in EBITDA is unsustainable?