David Adelman ( 4 of 4 )
Tobacco operating fundamentals sequentially strengthened from the first to the second quarter, and third-quarter performance generally retained that stronger momentum. read more
Tobacco operating fundamentals sequentially strengthened from the first to the second quarter, and third-quarter performance generally retained that stronger momentum. Results are also particularly encouraging, in our view, given Kraft's continued weak and disappointing overall operating performance...[Philip Morris USA] is delivering an improved balance of market share and operating profit performance.
Sara Lee was an exceptional company with compounded earnings-per-share growth exceeding 12% a year for 25 years. But I think read more
Sara Lee was an exceptional company with compounded earnings-per-share growth exceeding 12% a year for 25 years. But I think the clock stopped for Sara Lee in 1995.
The ruling eliminates the risk of a large-scale financial verdict, should increase the market's visibility of Philip Morris' long-term U.S. read more
The ruling eliminates the risk of a large-scale financial verdict, should increase the market's visibility of Philip Morris' long-term U.S. tobacco market share and profit growth, and avoids press coverage of the industry airing its internal issues in public.
On an ongoing basis, manufacturers are raising prices because they can. It enhances profitability, largely because there are few incremental read more
On an ongoing basis, manufacturers are raising prices because they can. It enhances profitability, largely because there are few incremental costs, and consumers' response to a higher price is relatively modest.
