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Tobacco stocks trade weak as a group with speculation on anti-tobacco measures sweeping across...

Tobacco stocks trade weak as a group with speculation on anti-tobacco measures sweeping across Europe. The word from across the pond is that the EU will step up health warnings. Decliners: Reynolds American (RAI -2.2%), Altria (MO -1.6%), Lorillard (LO -2.6%).
Comments (6)
  • Ray Merola
    , contributor
    Comments (3082) | Send Message
     
    Lorillard sells tobacco products in the U. S. only. The stock is being dragged down with the rest of the group. I suppose investor could worry that the U.S. will follow the EU regulatory sentiment.

     

    LO directors just announced a 3-for-1 stock split effective January 15, 2013.
    18 Dec 2012, 10:56 AM Reply Like
  • Be Here Now
    , contributor
    Comments (3784) | Send Message
     
    All 3 sell tobacco in the USA only. This action makes zero sense.

     

    OTOH, PM is down, as you might expect, but BTI is up slightly. Overall, odd.
    18 Dec 2012, 11:06 AM Reply Like
  • ehelpies
    , contributor
    Comments (34) | Send Message
     
    Buy, buy, buy! MO will pay their dividend of # 0.44 per share, but you must own it NLT 26DEC2012.
    18 Dec 2012, 11:10 AM Reply Like
  • bonsaibean
    , contributor
    Comments (66) | Send Message
     
    MO is US only too, but I'm sure they'll all suffer some until they sort it all out. Never really sorted out with this group, but they are worth owning.
    Long MO
    18 Dec 2012, 11:14 AM Reply Like
  • trader_murf
    , contributor
    Comments (51) | Send Message
     
    yeah, also UVV is up. Is this some weird end of year hedge fund activity or something else I don't understand?
    18 Dec 2012, 11:14 AM Reply Like
  • kyleg17
    , contributor
    Comments (174) | Send Message
     
    These stocks were simply hideouts for dividends. People are selling them for tax reasons and also because they see the broader market being manipulated and want a piece of the pie. With volumes so low the market can be manipulated much higher and the dividend tobacco stocks will lag...
    18 Dec 2012, 02:29 PM Reply Like
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