Morgan Stanley today... | MO Message Board Posts

Altria Group Inc.

  MO website

  • Investor Village needs your help. We are working hard to improve your user experience
    by upgrading the site so it works better on the latest mobile devices, browsers, O/S, etc. Because costs exceed our normal operating budget, we are asking everyone, including "lurkers," to support our efforts.

    Click this PayPal link to make a one-time contribution in whatever amount you think is fair.

    Or click here to support us with a monthly contribution, starting as low as $2.50 per month.

    Payments can be made directly via PayPal or Credit Card with no need to create an Investor Village account. Cancel any time.

MO   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  12476 of 12641  at  6/17/2019 4:15:44 PM  by

gilteddge


Morgan Stanley today...

Any comments on this drastic appraisal of tobacco's prospects...?

Morgan Stanley warns on the future of tobacco
Jun. 17, 2019 2:25 PM ET|About: British American Tobacco ... (BTI)|By: Clark Schultz, SA News Editor
Morgan Stanley sees the potential for the profitability of major tobacco companies to be reduced by as much as 50%if the FDA adopts a "maximum nicotine" rule within the next 15 years, a risk it thinks isn't fully baked into share prices across the industry.

"Reducing nicotine in cigarettes to non-addictive or minimally addictive levels, in our view, would be a potential game changer for the U.S. industry," warns the firm.

Morgan Stanley has Imperial Brands (OTCQX:IMBBY -1.4%) and Altria (MO +0.4%) rated at underweight and drops British American Tobacco (BTI -1.3%) to the same bearish stance.

The long-term view from Morgan Stanley on tobacco is dim even with the max nicotine law off the table. MS forecasts the number of adult smokers in the U.S. to fall from 34M (~13% of population) in 2018 to 14M by 2030 (~5%) and then to less than 1% of the adult population by 2050.

Related: Philip Morris International (PM +1.7%), Juul (JUUL), Vector Group (VGR +2.6%).


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 0     Views: 145
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
12477 Re: Morgan Stanley today... qv109 0 6/17/2019 4:41:50 PM
12479 Re: Morgan Stanley today... Rice1 0 6/19/2019 6:48:15 AM


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...