With industry consolidation still ongoing in the tobacco industry, and the close ties all the global cigarette giants have with one another, buying the stocks of just one or two gives you exposure to a full portfolio of combustible cigarette alternatives.
British American Tobacco (NYSEMKT:BTI), for example, is in the process of buying Reynolds-American (NYSE:RAI) (a company in which it already had a 42% stake) in no small part because of the latter's market-leading e-cigarette devices. Philip Morris International (NYSE:PM), which was once part of Altria (NYSE:MO), still has close ties with its former parent (and rumors abound that one may yet buy the other), and they continue to forge deals to globally market e-cig products together under the Marlboro brand.
British American Tobacco (NYSEMKT:BTI), for example, is in the process of buying Reynolds-American (NYSE:RAI) (a company in which it already had a 42% stake) in no small part because of the latter's market-leading e-cigarette devices. Philip Morris International (NYSE:PM), which was once part of Altria (NYSE:MO), still has close ties with its former parent (and rumors abound that one may yet buy the other), and they continue to forge deals to globally market e-cig products together under the Marlboro brand.
on Fri, 03/31/2017 - 21:16 admin
