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Lorillard, Inc. (LO)

  • Wed, Jan. 28, 9:44 AM
    • Shareholders with Reynolds American (RAI +1.5%) have approved an issuance of shares in connection with the company's acquisition of Lorillard (LO +0.8%).
    • The merger is still subject to regulatory approval.
    • The company expects a closing in the first half of 2015.
    • Reynolds American merger update (.pdf)
    | Wed, Jan. 28, 9:44 AM | 2 Comments
  • Mon, Jan. 26, 2:26 AM
    • Reynolds (NYSE:RAI) Chief Executive Susan Cameron is confident shareholders will approve the Reynolds American and Lorillard (NYSE:LO) deal this Wednesday, which will combines the two to create a more formidable rival against Marlboro (NYSE:MO).
    • Shareholders of Imperial Tobacco (OTCQX:ITYBY) (the third party which is expected to buy several brands of Reynolds American as part of the deal) are also expected to approve the transaction because it turns Imperial into the No. 3 player in the U.S.
    • However, the real test for the merger and the related divestiture of brands will come later this quarter, when the FTC weighs in on deal.
    • Previously: The FTC asks Reynolds American and Lorillard for more info on merger (Aug. 29 2014)
    | Mon, Jan. 26, 2:26 AM | 11 Comments
  • Sat, Jan. 24, 8:25 AM
    • In a low-yield world, the newly launched iBillionaire High Dividend Index - which tracks the trading moves of 25 investing-savvy billionaire investors such as Stanley Druckenmiller, James Dinan and Nelson Peltz - actually lives up to its name with a dividend yield of 5.34%.
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    | Sat, Jan. 24, 8:25 AM | 114 Comments
  • Thu, Jan. 22, 4:08 AM
    • Following in the footsteps of Australia, which two years ago enacted a law forcing cigarettes to be sold in plain olive green packaging, the British government will try to pass a law before May forcing tobacco firms to sell cigarettes in plain packs.
    • Around 3.4% fewer cigarettes were sold in Australia in 2013, compared with 2012.
    • The tobacco industry has fiercely resisted the new law, arguing that plain packs infringe on the intellectual property rights covering brands.
    • Related stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBY, BTI
    | Thu, Jan. 22, 4:08 AM | 27 Comments
  • Wed, Jan. 14, 8:10 AM
    • The tobacco industry will see a big tailwind this year as payments for buyouts of tobacco growers end.
    • Where the extra funds will go is still unknown until Q4 reports start to roll in. Further investment in e-cig development or volume/pricing actions are possibilities.
    • Morgan Stanley sees an earnings boost of up to 5% due to the development, but is cautious on the "effectively priced" sector.
    • Major tobacco stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBY, BTI.
    | Wed, Jan. 14, 8:10 AM | 8 Comments
  • Tue, Jan. 13, 1:04 PM
    • Barclays sees dividend payouts on the S&P 500 increasing 7% this year to reach a yield of close to 2%.
    • The investment firm recommends buying shares of companies in the index poised for top-line growth and dividend payout boosts.
    • At least 6 consumer products/services companies make the Barclays list of attractive dividend stocks.
    • Hershey (NYSE:HSY): 2.01% yield
    • Yum Brands (NYSE:YUM): 2.24% yield
    • PepsiCo (NYSE:PEP): 2.70% yield
    • Lorillard (NYSE:LO): 3.80% yield
    • Wyndham Worldwide (NYSE:WYN): 1.63% yield
    • Macy's (NYSE:M): 1.89% yield
    | Tue, Jan. 13, 1:04 PM | 19 Comments
  • Dec. 15, 2014, 7:44 AM
    • Reynolds American (NYSE:RAI) and Lorillard (NYSE:LO) set January 28 as the date shareholders will vote on the proposed merger between the tobacco giants.
    • A closing date on the merger is expected in the first half of 201 after the FTC rules on the antritrust impact.
    | Dec. 15, 2014, 7:44 AM | 1 Comment
  • Dec. 11, 2014, 10:38 AM
    • RBC Capital Markets picks Reynolds American (RAI) as its top tobacco stock for 2015.
    • Though some regulatory hurdles remain to be cleared with the Lorillard (LO +0.8%) merger, the investment firm thinks the combined company will provide immediate value for shareholders.
    • The last word from Reynolds was that it expected the merger to close in the first half of 2015.
    | Dec. 11, 2014, 10:38 AM | 7 Comments
  • Nov. 25, 2014, 3:54 AM
    • China is considering a broad ban on smoking, including tobacco advertising, smoking in public places, prohibiting vending machine sales of cigarettes and cutting smoking scenes in film and TV.
    • Up more than 10% from the year before, the country’s tobacco industry generated nearly 956B yuan ($155.6B) in taxes and profits in 2013.
    • China is home to more than 300M smokers.
    • Tobacco stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBY, BTI
    | Nov. 25, 2014, 3:54 AM | 8 Comments
  • Nov. 21, 2014, 7:48 AM
    • Reynolds American (NYSE:RAI) discloses that the company received a second request for information from the FTC in relation to the acquisition of Lorillard (NYSE:LO).
    • The company says the merger is still on track to close in the first half of 2015.
    • SEC Form 8-K
    | Nov. 21, 2014, 7:48 AM | 1 Comment
  • Nov. 18, 2014, 4:32 PM
    • Lorillard  (NYSE:LO) declares $0.615/share quarterly dividend, in line with previous.
    • Forward yield 3.94%
    • Payable Dec. 10; for shareholders of record Dec. 1; ex-div Nov. 26.
    | Nov. 18, 2014, 4:32 PM | Comment!
  • Nov. 13, 2014, 2:56 PM
    • Teenagers are sampling electronic cigarettes at a higher rate, according to a study by the CDC.
    • The number of high school student who tried an e-cig over the last 30 days was 4.5% vs. 2.8% a year ago.
    • 12% of all high school students say they have tried the product.
    • The CDC notes the impact of e-cigs use on public health remains uncertain.
    | Nov. 13, 2014, 2:56 PM | 20 Comments
  • Oct. 31, 2014, 10:38 AM
    | Oct. 31, 2014, 10:38 AM | 5 Comments
  • Oct. 29, 2014, 2:34 AM
    • The tobacco industry is gearing up for its next serious challenge, as more cities raise the legal age for buying tobacco products to 21.
    • As states ponder similar moves, the $100B U.S. tobacco industry could suffer yet another large blow over consumer sales.
    • The FDA is also expected weigh in on the matter early next year, after it receives a report from the Institute of Medicine evaluating the potential benefits of increasing the age to 21 or 25.
    • Tobacco stocks: LO, PM, MO, VGR, RAI, OTCQX:ITYBY, BTI
    | Oct. 29, 2014, 2:34 AM | 42 Comments
  • Oct. 23, 2014, 7:21 AM
    • Lorillard (NYSE:LO) reports total cigarette volume fell 2.1% in Q3.
    • Total retail market share of cigarettes +30 bps to 15.1%.
    • The blu eCigs brand maintained a market share of 29.7%, despite new competition.
    • Management says the merger with Reynolds American is on track to close in 1H of 2015.
    | Oct. 23, 2014, 7:21 AM | 1 Comment
  • Oct. 23, 2014, 7:09 AM
    • Lorillard (NYSE:LO): Q3 EPS of $0.90 in-line.
    • Revenue of $1.83B (flat Y/Y)
    • Press Release
    | Oct. 23, 2014, 7:09 AM | Comment!
Company Description
Lorillard Inc is engaged in the manufacture of cigarettes and tobacco in the United States. The Company's principal products are marketed under the brand names of Newport, Kent, True, Maverick and Old Gold with sales in the United States of America.
Industry: Cigarettes
Country: United States