This year retail shareholders should have some self respect. If the company says they can get the money by other means, let them do it. It would have saved us money every other time, so why not this time.
I remember MO saying in 2009 that it was set to be “a company defining year”. Same stuff, different smell, every year. But of course, this year is different.
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Ann: Shareholder Presentation Update, page-23
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