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Jump to full article: Altria Group, Inc., 2010-02-18 Author: SOURCE: Altria Group, Inc.
Intro: Altria Group, Inc. (Altria) (NYSE: MO) is participating in the Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Florida today. The presentation will be webcast live at www.altria.com in a listen-only mode, beginning at approximately 9:15 a.m. Eastern Time.
During the presentation, Mr. Michael E. Szymanczyk, Altria's Chairman and Chief Executive Officer, and Mr. David R. Beran, Altria's Executive Vice President and Chief Financial Officer will discuss Altria's 2009 performance and its 2010 plan to deliver strong returns to Altria's shareholders. "Altria is a compelling investment when measured against other domestic consumer product goods companies," Mr. Szymanczyk said. "Altria offers a unique combination of a high dividend yield with strong earnings growth prospects, which is supported by Altria's solid business model. The tobacco space continues to grow profits, and Altria's tobacco operating companies have leading positions in all the major tobacco categories, with ample opportunities for growth." . . .
Altria's subsidiaries continue to be subject to litigation, including risks associated with adverse jury and judicial determinations, courts reaching conclusions at variance with the companies' understanding of applicable law and bonding requirements in the limited number of jurisdictions that do not limit the dollar amount of appeal bonds.
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