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Lorillard Needs to Take Pre-Emptive Action

By Christopher Atayan
05/15/09 7 a.m.
One of the companies I am keeping a careful eye on is Lorillard ( LO). This is a very conservative enterprise that has always had a vigilant eye on the bottom line. The company has one very strong brand, Newport, which dominates the menthol cigarette market, and I am confident that management will milk this asset for as long as it can. However, that is not the reason I am following the company. Rather, I believe the enterprise is going to be forced to confront the reality that menthol may be outlawed if the FDA has the power to regulate the tobacco industry.

Positions: None

Baltic Dry Index Trade

By James Altucher
05/15/09 7:56 a.m.
Despite the healthy pullback in stocks (50 or so S&P handles), it is worth pointing out that the Baltic Dry Index just "broke out" to a six-month high yesterday, closing at 2432. Over the last 10 days, the BDI has increased by 560 points (32%), and over the last 25 days the index has increased by 869 points (59%).

Here is the trade: I find the July copper contract interesting under $2; Euroseas ( ESEA), which is one of a handful of dry bulk shippers with relatively low leverage, Star Bulk Carriers ( SBLK) and Freeport-McMoRan ( FCX) in the low $40s.

Positions: None

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