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March 20, 2013
08:28 EDTLOLorillard details long-term earnings growth scenarios
Lorillard, in investor meeting presentation slides, gave three financial scenarios depending on the regulatory environment. The company's mid-single digit long-term earnings growth rate scenario includes a heightened promotion environment, no new products, share repurchases from free cash flow, and limited contribution from blu eCigs. Its high-single digit long-term earnings growth rate scenario includes normal historical pricing, while its low-double digit scenario includes new incremental products, additional leverage-driven share repurchases, and a meaningful contribution from blu eCigs. Lorillard notes that all scenarios deliver double-digit shareholder return.
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September 29, 2014
06:41 EDTLOTobacco companies placing tough warnings on e-cigarettes, NY Times says
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