Wall Street Finds a Lot to Like About Tobacco

For all the industry's apparent troubles, however, the future of cigarettes appears to be brighter than ever.

That at least is the message investors are sending as the Altria Group -- the company once known as Philip Morris and the maker of the world's most popular cigarette, Marlboro -- prepares to split itself by spinning off its Kraft Foods division to shareholders and become, once again, primarily a tobacco company. Today, Louis C. Camilleri, ... Full Story »

Posted by Dale Dougherty
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Subjects: U.S., Business
Topics: U.S. Economy
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Posted by: Posted by Dale Dougherty - Feb 1, 2007 - 9:46 PM PST
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Terri Adams
3.9
by Terri Adams - Oct. 1, 2008

This is interesting to me because I assumed tobacco companies would be doing poorly because so many people have stopped smoking. This puts it in perspective.

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Dale Dougherty
4.0
by Dale Dougherty - Oct. 1, 2008

The article praises growth of the tobacco industry, seen as stable and profitable in Wall Street's eyes, in anticipation of Altria sell-off of Kraft. Wall Street always serves its own interests first, so when I see analysts saying how much they like a tobacco company I wonder if they are a stakeholder in the sale of Kraft. I felt the article was not critical enough of Wall Street's view, although it does present a contrary view towards the end.

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