Reynolds American (RAI) has exceeded the 130% Fair Value mark again after reaching the level in July of this year. After a climb to $52.72 / share the stock retreated to $47.26 / share just a hair above the upper limits of Fair Value. It looks like a possible repeat as a retreat from $52.57 / share has started. This may be the upper limit on the company’s value.
Reynolds American (RAI) tries again stalling just above 130% fair value
About the Author: Steve Albrecht
Steven Albrecht was the President and CEO of Charter Trust Company from 2001-2016