Our cost of debt will be lower than the return we expect from this business. |
Our results confirm that we have the right business plan and that Reynolds American is both on the right track and right on track. |
They want to see these big cases cleared up. |
We are not highly leveraged, and we have a strong balance sheet. The rating agencies will readily admit that our financial numbers put us above investment grade. |
We evaluated a host of alternatives around the cash and the debt mix. One thing to keep in mind is that we do have about $500 million of debt that's maturing this year and into the first half of 2007. |
We have a history of accretive transactions that have significantly benefited shareholders. |
We have got to keep the momentum going in order to achieve all of our objectives. |