Altria: Back to the Race

[Peter Karlsson]

Great write up & thanks for the in depth analysis!

[Devin LaSarre]

Thank you, Peter.

[Matthew Axilrod]

Does MO report on! / skoal / Copenhagen / other EBIT in their oral segment or are those your estimates?

[Devin LaSarre]

They report volumes of each and aggregate segment EBIT as OCI (operating company income)

[GD]

Thanks for another thoughtful piece. Very NJOYable read!

[Devin LaSarre]

Thanks, GD!