The Board Chair of PMI is committed to getting entirely out of tobacco.
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The Board Chair of PMI is committed to getting entirely out of tobacco.
They kind of did.I think it's more productive to let people know what you're oging to get into rather than what you're getting out of
They kind of did.
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Philip Morris Says Cigarettes May Start Disappearing in a Decade
Philip Morris International Inc. signaled that cigarettes may start becoming obsolete within a decade in some markets as smokers switch to alternative products for nicotine.www.bloomberg.com
Vapes. That could, and should, easily lead to weed once it’s legal at the Federal level.
I think they’ll be in wait-and-see mode on weed while introducing their vapes and still producing regular cigs. They have a lot of consumer loyalty, so it’s not much of a risk. IMO, once weed is legalized, I can see them halting production of regular cigs, ramping up production on vapes, and horizontally integrating by swallowing up companies like Tilray/Aphria, Cronos, Aurora, etc. Generally speaking, older people smoke your traditional cigs while the younger age segment has successfully gotten hooked on vaping thanks to Juul and its competitors. PM is merely reading the terrain. Your traditional cigarette smokers will die off and you’ll need to replace those customers. Introducing vapes and weed. It’s a solid plan.I see that, but it sounds a bit anemic for a 130B company, don't you think? That's a lot of vapes
it just sounds like being a late-comer to stuff that's well established......I would think they'd at least move beyond inhalants
I see that, but it sounds a bit anemic for a 130B company, don't you think? That's a lot of vapes
it just sounds like being a late-comer to stuff that's well established......I would think they'd at least move beyond inhalants
I'm saying this strictly with respect to MO and BTI.....MO is more aggressive, has both a lower P/E and higher dividend yield. EDIT: I stand corrected about P/E.........bad info
I watched these companies since early 2000's and was in big on RAI (Reynolds American) during the recession which big time bailed me out. Then they got bought up by BTI and I lost interest in the whole group.......until now ... I'm watching .... the MO dividend is hard to ignore for an old fart like me
It has more to do with cash flow and their dividend yield, IMO. It’s been trending up for 3 months.Walgreen (WBA) has taken off. Not sure if this is vaccine related.
What is the consensus on ETFs? I have been out of the market for years and into real estate. Now I'm thinking of jumping back in. The market is so damn volatile though. But sitting on cash doesn't do me any good. Any advice would be appreciated.
I'm not a big ETF guy, so @IllegalContact is probably your best bet to listen to. But I am ready to jump into genomics, and will believe anything Cathie Wood of Ark tells me. She had Tesla at $20k a share (bull case - 5-7 year projection, pre-split share price) in like 2018. So I do plan on getting some ARK-G this year (that's Ark's genomics fund).What is the consensus on ETFs? I have been out of the market for years and into real estate. Now I'm thinking of jumping back in. The market is so damn volatile though. But sitting on cash doesn't do me any good. Any advice would be appreciated.
AMD is in all the new game consoles and higher end laptops and they're completely sold out. Apparently their chips are many years ahead of Intel. RIP Intel Inside.
I wonder why people decided to take profit today form $TMUS. This is a company that is about to rocket to the moon. I went big on $BIG and was surprised to see massive sell off this morning for providing guidance that was higher than a year ago but because it was well below streets estimates, people started panicking and start to sell off and I am sure lots of shorts entered and are getting burned. They are buying over $300m of stocks back. Soon only a handful will be left and MMs will gap up bigly!
What do we think of Volkswagon (VLKAF)? Sales of electric cars were 158% over the previous year. Might not catch TELSA, but maybe a great ceiling?