Apr. 3, 2014, 2:04 PM
- The CDC says it received 225 calls in February to its poison centers in regard to exposure to the type of liquid nicotine used in e-cigarettes.
- Many of the calls involved questions on accidental or secondary exposure to liquid nicotine.
- E-cigarette products aren't currently regulated by the FDA.
- Shares of Lorillard (LO -2.8%) and Victory Electronic (ECIG -3.6%) are down a bit further than tobacco peers (MO, RAI, VGR, PM, XXII) with the e-cig news a potential factor.
Apr. 3, 2014, 7:40 AM
- Claiming an improvement in public health and a reduction in children smokers, Health Minister Jane Ellison considers requiring cigarette firms to sell their products in plain standardized packaging.
- Predictably, tobacco companies oppose the move saying it would encourage counterfeiting and smuggling.
- Britain's retail tobacco market is worth $28B.
- (MO) (LO) (PM) (BTI)
Apr. 2, 2014, 12:04 PM
- Welsh authorities mull a ban on the public use of e-cigarettes over concerns it could lead to an increase in the consumption of conventional smokes. It would be the first such ban in the U.K.
- Bans currently exist in Singapore and Brazil. Several U.S. cities including NY and LA restrict their use in some public places.
- (LO) (PM) (BTI) (MO)
Apr. 2, 2014, 7:21 AM| 9 Comments
Mar. 12, 2014, 8:04 AM| 2 Comments
Mar. 6, 2014, 10:24 AM
- Analysts thinks there could be a wave of consolidation in the tobacco industry as the slow growth rates seen in the industry appear to be here to stay.
- The story of the week has been Lorillard (LO -1.7%) which is reportedly a target of Reynolds American (RAI -2.8%), but other linkups are expected.
- The rapid emergence of e-cigarettes will play a factor in the M&A activity. The stance of various regulators will be critical in determining where companies place their bets.
- Related stocks: MO, PM, BTI, ITYBY, ITYBF, PHJMF, JAPAF, SFIO, VGR, SWNG, SWMAF, SWMAY.
Feb. 24, 2014, 6:47 AM| 9 Comments
Feb. 21, 2014, 2:30 PM| 4 Comments
Feb. 6, 2014, 12:10 AM| 4 Comments
Feb. 5, 2014, 5:35 PM| 2 Comments
Jan. 29, 2014, 1:55 PM
- Philip Morris (PM -1.6%) says it would like to restructure its operations in Egypt as it looks to use the business as a springboard to grow sales in Africa and the Middle East.
- The company will take a $0.10/share charge to account for some contract discontinuations as part of its reorganization in Egypt.
Jan. 17, 2014, 7:13 AM
- A new report from the U.S. Surgeon General links cigarettes to even more types of illness including liver cancer, diabetes, and rheumatoid arthritis.
- Standing out in the findings was the determination that secondhand smoke increased the risk of a stroke by 20% to 30%.
- Smoking-related deaths in the U.S. are pegged at 480K per year, up from a prior estimate of 443K.
- Related stocks: MO, RAI, PM, LO.
Jan. 15, 2014, 12:48 PM
- The Ronnie Moas side story isn't going away anytime soon as the Standpoint Research analyst has appearances scheduled on CNBC, Bloomberg TV, and Fox Business News this week to discuss his list of amoral stocks which includes Philip Morris (PM +0.7%).
- The gadfly is likely to repeat his mantra that Philip Morris sells a product that kills people.
- The cooler heads evaluating Philip Morris see it still sitting in a "wildly profitable" business and as a reliable dividend-payer.
- What to focus on: The debate on the company should center on the growth potential of its new e-cigarette and low-tobacco products. Estimates vary wildly.
Jan. 10, 2014, 7:17 AM
- Philip Morris (PM) plans to invest $680M in a factory in Italy that will produce a new style of cigarette which will be safer for consumers than alternatives.
- The company says the new product will contain tobacco which will be heated to generate a smoking aerosol.
- The launch date for the new cigarettes will be sometime in 2015.
Jan. 6, 2014, 8:04 AM
- Philip Morris (PM) is tagged with a Sell rating by Standpoint Research from an analyst who admits he would like to see the "annihilation" of the tobacco industry.
- The impassioned comments from Ronnie Moas focus more on the tobacco industry as a whole than any biting analysis of Philip Morris.
- Related: Moas downgrades AAPL for moral reasons.
- PM -0.2% premarket
Jan. 2, 2014, 8:33 AM
- Italy will impose a 80.5% tax on e-cigarettes after the government comes to the conclusion it's missing out on a major revenue stream as consumers in the nation move to e-cigs from traditional tobacco products.
- What to watch: The global electronic cigarette market is expected to grow to $7B in 2014 on strong consumer demand, but the future of the industry is still unsettled with governments and regulators in some key markets yet to fully weigh in.
- Bloomberg report (video)
- Related stocks: MO, PM, LO, RAI, BTI, ITYBY.
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