Altria takes $4.1 billion charge on Juul investment, revises deal terms
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"Overall, Altria has recorded $8.6 billion in impairment charges after it took a 35% stake in juul for $12.8 billion in December 2018. These charges brought down the value of its investment to $4.2 billion as of Dec. 31, Altria said."
Ouch!
Ouch!
“I’m highly disappointed in the financial performance of the juul investment,” Altria Chief Executive Officer Howard Willard said on a post-earnings call.
I love this quote. Aren't we all. Disappointed when we make a poor investment..
Marlboro, since you get to revise your deal, and I was "highly disappointed in my investment in your products" do you think I could have some money back?
I'm not sure I understand the terms of the deal, Marlboro, but once I do I want to talk to you about not only your products, but the dartboard I obtained by sending in my little chunks from your packages, I really wanted the Marlboro Man.
Thanks so much,
Anna
I love this quote. Aren't we all. Disappointed when we make a poor investment..
Marlboro, since you get to revise your deal, and I was "highly disappointed in my investment in your products" do you think I could have some money back?
I'm not sure I understand the terms of the deal, Marlboro, but once I do I want to talk to you about not only your products, but the dartboard I obtained by sending in my little chunks from your packages, I really wanted the Marlboro Man.
Thanks so much,
Anna
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