09-24-2019, 09:20 AM
"I wouldn't be surprised if a combined MO/PM look to snap up the remaining 2/3 of Juul at distressed firesale rates at some point in the future."
I think that's approximately how this ends too. It will take time to play out. PM/MO coming to the rescue right now is going to be a little too "In the FDA's face". There is too much political headwind at the moment. I don't know how true it is, but I have read articles that state JUUL chose to lobby Congress hard and avoided the FDA's inquiries. IMO MO will now demonstrate how you survive longterm in this industry. JUUL is VERY fortunate MO is onboard.
I think that's approximately how this ends too. It will take time to play out. PM/MO coming to the rescue right now is going to be a little too "In the FDA's face". There is too much political headwind at the moment. I don't know how true it is, but I have read articles that state JUUL chose to lobby Congress hard and avoided the FDA's inquiries. IMO MO will now demonstrate how you survive longterm in this industry. JUUL is VERY fortunate MO is onboard.