2013年全美研究团队：烟草，2：Sunil（Nik）Modi

Sunil（Nik）Modi再次追求他的第二个地方，延伸到五年。Modi今年夏天留下了UBS，以涵盖RBC资本市场的消费股，他于9月加入。“简而言之，尼克似乎在脉搏上有手指，”一辆钱经理说。“他似乎总是拥有最新的信息流，加上漂浮的谣言。”Modi展示了他在基于弗吉尼亚州的Richmond的呼叫中获得时间权限的能力。2012年1月，他称之为俄罗斯·阿里莱他的首选，价格为28.56美元，期望市场份额为公司的主要品牌，Marlboro将稳定。7月份，当股份跳跃了23.9％，达到35.40美元，优于该部门的行业以9.6个百分点，Modi将其降级为中性。“Our original thesis had played out,” he explains, “and we had concerns over the impact of Marlboro’s new brand architecture on its nonpromoted volume, heightened by promotional intensity in the second half of 2012 and the impact of bloated retailer inventories on near-term results.” The shares dropped to $31.24 in November, prompting the analyst to upgrade them to buy. The promotional environment — or price discounting — had abated, he maintained. By July, when Modi discontinued coverage in anticipation of his departure from UBS, the shares had climbed back to $35.06. —凯蒂吉尔伯特