How to profit as tobacco stocks go up in smoke

Philip Morris International is the most vulnerable stock in the embattled tobacco sector.

Tobacco is bad for your health, but it has been good for investors’ portfolios. For decades, companies have been able to offset the gradual decline of smoking in Europe and North America with rising sales in emerging markets and price hikes in developed markets. The advent of e-cigarettes, meanwhile, has provided a new revenue stream and fuelled optimism over the future for cigarette companies...
source: Money Week

2020-01-14 11:20
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