Despite It All, JUUL Sales Grew . . . . | MO Message Board Posts

Altria Group Inc.

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Msg  12674 of 12951  at  10/8/2019 11:12:51 AM  by


 In response to msg 12673 by  Dooba13
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Strong Buy

Re: Despite It All, JUUL Sales Grew . . . .

Unless I've missed it, MO is still waiting for regulators (the FTC?) to clear its JUUL investment, and thus it doesn't hold actual JUUL shares at this point; what it does have on its balance sheet is the debt incurred for the pending purchase. I'm no accountant, but I believe there's no action to be had until and unless the original stock-purchase transaction is approved; any write-down required -- doubtful -- would follow at that point.

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Msg # Subject Author Recs Date Posted
12675 Re: Despite It All, JUUL Sales Grew . . . . Korynd 1 10/8/2019 11:31:54 AM

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