Cash Crop: Tobacconist Lorillard Inc. - trackseekingalpha

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Cash Crop: Tobacconist Lorillard Inc.
Oct 26, 2009 10:08 AM UTC

trackseekingalpha

Return	Risk
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Symbol	Sentiment	Start	Return	Closed
LO	n/a

Via Long Investment Ideas from Seeking Alpha:

In 1760, an 18 year old immigrant named Pierre Lorillard founded the first US Tobacco company in lower Manhattan. Pierre Lorillard was killed by German Hessian Mercenaries during British occupation of NY in 1776, but his family continued to run the business. Today, Lorillard (LO) is the third largest Tobacco Company in the country.

Lorillard is a 13 billion dollar company that sells over 40 cigarette brands including the #2 overall cigarette in America, Newport. Newports are the #1 menthol cigarette in America, and #2 overall with a 7.8% total market share.

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