bummer.. seems to be holding up so far, but the negative ruling certainly puts a damper on the recent good earnings news. i would not be surprised to see it fill that gap in the coming days now...sold part of my position just now to take some risk off.
I hold shares in RAI, LO, and MO and will continue to do so. I like the alcoholic beverage exposure with MO. RAI is a decent balanced approach between menthol/non-menthol. LO is a menthol/ecig play and highest risk of the three IMO.
The quote I posted indeed refers to the ecig market in one state, but I see no reason to think that RAI can;t replicate the results they achieved there in any other state. What evidence do you have that suggests otherwise? Look, ecig is a growth market, so it is likely that all the majors who enter it will do well. I agree first mover generally has the advantage, but superior marketing can shift the balance in a nascient market. RAI appears to have demonstrated that in Colorado. Anyway, it's all good.
At this point, I can only assume the money is going into cash reserves until the debt restructure is finalized, At least it appears we won't have to wait much longer to get a clear picture. If they settle on new debt covenants by December, we'll see the 9M earnings report Dec 12 (per MTL event calendar).
$6M a year for 17 years. Big fukkn deal.
Big companies pay for naming rights for at all the major sports stadiums these days. I guess all these companies are not acting in shareholders interest huh...You are a fool indeed to whine incessantly about such a trivial matter when the company is undertaking a major transformation into the regulated business.
@@@@@FirstEnergy Stadium sponsorship deal with Browns worth $102 million over 17 years By NATE ULRICH AND BETTY LIN-FISHER Published: January 17, 2013 Akron-based FirstEnergy Corp.’s stadium naming rights deal with the Browns is worth $6 million a year, sources told the Beacon Journal this afternoon. The sources spoke on condition of anonymity because FirstEnergy and the Browns agreed the terms of the deal would remain private. Chuck Jones, president of FirstEnergy Utilities, acknowledged in an interview Wednesday with the Beacon Journal that the contract is for 17 years and lasts for the remainder of the lease the Browns have with the city of Cleveland, which owns the stadium.
19% interest on a bond is amazing but if a bondholder sees a unacceptably high risk that they may not recover the principal at maturity, then they may consider to put the bond back to the issuer and look for another investment opportunity. Per MTL website, there is a total of $600M ($150M x 4) in bonds with put/call date in Jan-Feb 2014. One of those bonds (including the one with 19% interest) matures in 2015, another in 2016, and the remaining two in 2021.
Per their press release back on Nov 6, they stated that one of the reasons for the R/S was to attract institutional investors. Did they truly believe the stock price would hold $5?
@@@@@Energy Fuels Inc. is pleased to announce that today the Company submitted its application to be listed on a recognized US stock exchange. A listing on a recognized U.S. stock exchange, in conjunction with the recently implemented consolidation of the Company's common shares, advances the Company's strategy of making its common shares more accessible to a broader range of investors, particularly U.S. institutional and retail investors.
Who in their right mind would buy these things? Have Americans forgotten how to make a peanut butter and jam sandwich? 'Simplicity' redefined... what rubbish.
@@@@Q. How do I prepare Smucker's Uncrustables Sandwiches? A. Keep Uncrustables Sandwiches frozen until ready to eat. Thaw 30 to 60 minutes at room temperature, and eat within 6 to 8 hours of thawing for best flavor.
Huh? Yahoo shows large positive cash flow the last four quarters... just last quarter operating cash flow was 168M while capex was only 42M.
why would I ask a barbie princess wanna-be for a translation of a loony indian's post? are you two joined at the hip?
Wow, RAI is kicking LO's #$%$. Spread the risk... own both.
@@@@@Lorillard Inc., the No. 3 U.S. tobacco player and maker of Newport cigarettes, acquired the blu e-cigarette brand last year and has spent heavily to boost blu’s distribution and marketing. Blu is now the clear national leader, ahead of other major e-cigarette brands such as NJOY, Logic, Fin and Mistic that aren’t owned by a major manufacturer of traditional cigarettes. Now comes news from Colorado, where Reynolds American Inc., the No. 2 U.S. tobacco player and maker of Camel cigarettes, launched its Vuse e-cigarette in stores in July. The early returns? Vuse has built a 55.6% retail market share in the state over the last 16 weeks, leaving blu (25.5%) and NJOY (7.3%) in the dust, Reynolds said at an investor conference Monday, citing tobacco industry tracker Management Science Associates.
I see several potential near-term catalysts for a stock price move... resolution of their debt restructure, better than expected 9M earnings results, and maybe a new non-core divestment or JV on Elga announced. The direction of the move will depend on positive or negative outcome in each case.
Seems to me you are clueless about BTC. Use the power of the internet... educate yourself before posting nonsense.