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-$1.33 (-2.05%)
08:54PM (15 mins delay)
Oct 27, 2009 - 9:16 AM EDT
The one stock holding that I have that did not beat its earnings estimate, Lorillard (LO) did not perform well on Wall Street Monday and had all short term traders exiting all at one time. The report was not bad and the reaction in this Analyst's opinion was way overblown. This is a short term event and for those of you who are in it as a long term dividend play, the stock will pay you $4 a share in dividends or most of Monday’s losses over the next year.
As a Lorillard investor you have only lost money on paper and until one sells these are just paper losses. The management of the company is top notch and for those who want to see it with their own eyes here is Monday’s conference call transcript for everyone to read. (Thank you Seeking Alpha for that service).
Source: Seeking Alpha (Oct 27, 2009 - 9:16 AM EDT)
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