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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.
News For LO From The Last 14 Days
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April 16, 2014
06:48 EDTLOStudy found e-cigarettes promote cancer growth, NY Times reports
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April 9, 2014
10:06 EDTLOOn The Fly: Analyst Initiation Summary
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09:23 EDTLOLorillard initiated with a Reduce at Nomura
Target $54.
April 4, 2014
07:18 EDTLOU.S. FDA Chief says e-cigarette ruling coming 'very soon,' Reuters says
The U.S. Food and Drug Administration is "pushing very hard" to release a proposed rule that would establish its authority over e-cigarettes, according to Reuters, citing comments from FDA Commissioner Margaret Hamburg. Hamburg says that she expects the proposal to be ready for release "very soon." Publicly traded companies in the tobacco industry include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI). Reference Link

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