Tobacco Industry News

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Up in smoke: Tobacco industry outlook
According to a recent analysis published in Barron’s, investing in tobacco companies has become increasingly risky. Tobacco companies have tried to offset the decrease in cigarette volume by increasing wholesale prices. However, as the public health concerns and regulatory powers of the federal government become stronger, tobacco companies are becoming riskier investments, especially as smokers begin to buy cheaper brands or lower-cost alternatives to cigarettes, like small cigars and pipe tobacco. Altria Group currently has $14 billion of debt, 30% over the industry average. The article concludes that investors should reconsider investing in Altria Group and other tobacco companies. Click here to read the article.

Altria Group launches tobacco rights website
Altria Group has created a website called “Citizens for Tobacco Rights” to provide consumers with information on state and federal tobacco-related policy issues such as taxes, smoking bans, FDA regulation, restrictions on the retail environment, flavoring bans, and other regulations. Altria Group has created the website with the intention of empowering tobacco users to be informed and take action on tobacco issues that affect them. Click here to read more.

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