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: Guest Contributor
Articles attributed to “Guest Contributor” are written by former employees or invited guests. Contents are for your consideration only The opinions expressed herein are those of the authors and do not necessarily represent the views of Charter Trust Company.
Nothing contained in this communication should be construed as investment advice.