Oct 31 - Altria is writing down $4.5 billion of its investment in vape-pen maker Juul. The e-cigarette maker is facing tougher regulations in the United States that could slow sales and bite into profits. Robert Cyran explains why Altria may still be too optimistic.
Oct 31 - Altria is writing down $4.5 billion of its investment in vape-pen maker Juul. The e-cigarette maker is facing tougher regulations in the United States that could slow sales and bite into profits. Robert Cyran explains why Altria may still be too optimistic.https://reut.rs/2PDFQxd
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Altria writes down investment in troubled e-cigarette maker Juul by $4.5 billionAltria wrote down its investment in Juul by about one-third, recording a $4.5 billion pre-tax charge against its third-quarter earnings, the company said Thursday.
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Altria Cuts Value of Juul Stake by $4.5 BillionAltria Group wrote down the value of its investment in Juul Labs by $4.5 billion, a move that comes as the e-cigarette maker faces heightened regulatory scrutiny and federal investigations. ah.. Roman worship of Caesar .. isnt that symbolic.. JUL rituals This was planned. Big Tobacco bought JUUL to cash in short term on the billions they were losing. Then lobbied for regulation to kill all their competition. Now they will monopolize the vape industry.
Source: WSJ - 🏆 98. / 63 Read more »
Altria writes down Juul investment by $4.5 billion amid vaping crackdownThe tobacco giant said no single factor led to the charge, but it did cite the increasing regulatory pressure on vaping.
Source: BusinessInsider - 🏆 729. / 51 Read more »
FTC probes Altria for role in Juul executive changesU.S. antitrust enforcers are probing Altria Group Inc for potentially exerting i... Sono astemia 😂😂😂 mi ubriaco spesso di pizza e patatine 🍟
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Altria writes down Juul investment by $4.5 billion amid vaping backlashAltria takes $4.5 billion hit from its investment in electronic-cigarette maker Juul amid vaping backlash Bad move ...in my mind premature. Better of doubling down on research why what 'causing' lung disease...over reaction in face of plain cigarette smoking known dangers...somebody will make a killing on swings and asset stripping.
Source: Reuters - 🏆 2. / 97 Read more »