But analysts contend that the program is not aggressive enough.
But many analysts contended that the latest figures were not so bad as they seemed.
But some analysts contend there would be no long-term savings.
Other analysts contend that the company has forcefully brought in new technology.
Reynolds's biggest problem will be that of the entire industry, analysts contend.
The case against a quick, strong recovery is persuasive, analysts contend.
Some analysts contend that only with economic improvement will those price increases remain firm.
But the fact that more American production is done abroad makes this high capacity level less of a concern, some analysts contend.
Other analysts contend that the oil markets are showing signs of strength.
These analysts contend that farmers are more capable than ever of keeping up with the rising world population.