British American Tobacco to Acquire Reynolds American
Reynolds American (RAI) is being acquired by British American Tobacco, thus I will sell RAI from the Conservative Growth Portfolio.
Reynolds American (RAI) is being acquired by British American Tobacco, thus I will sell RAI from the Conservative Growth Portfolio.
Reynolds American (RAI) soared after the company received a takeover bid from British American Tobacco for $56.50 a share. I think RAI should want more.
Reynolds American (RAI) has had mid-teens profit growth since it acquired Lorillard. One year later, the company looks to keep the growth going.
Reynolds American (RIA) is riding its newly acquired Newport brand to record profits, and growth looks good the next 4 qtrs as well.
Reynolds American (RAI) is expected to grow profits an average of 19% the next 4 qtrs, making this value stock a growth stock as well — one with a 3% yield.
Reynolds American (RAI) is one of the few value stocks growing with a strong dollar, and that’s what makes RIA appreciated.
Cigarette maker Reynolds American (RAI) is expanding, and getting a higher P/E ratio as well.