Tobacco stocks are a different breed than other consumer stocks, argues Ronald Thomas as he...

|By:, SA News Editor

Tobacco stocks are a different breed than other consumer stocks, argues Ronald Thomas as he raises concerns on the current valuations in the sector that are widely-perceived as low. He maintains that the addictiveness of cigarettes and uniqueness of the industry means demand trends can take longer to play out - warning the perceived safety of names such as RAI, MO, and LO could mask long-term headwinds.