The US has postponed the plan to ban menthol cigarettes, with implications for companies like British American Tobacco (BATS), Imperial Brands (IMB), and Altria (MO). The delay is speculated to be linked to the upcoming election. Philip Morris faces a significant test with its heated tobacco push in the US market, where vaping is dominant.
Further amplifying my concerns with the new delay in the elimination of combustible cigarettes containing menthol as a characterizing flavor. This delay, which appears to be based on political concerns in this year's presidential election, unfortunately extends the challenge to… https://t.co/nyy1fWBMu6
Philip Morris International's goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. https://t.co/8SubE5my7U https://t.co/8SubE5my7U
$PM (+0.1% pre) Philip Morris faces key test with US heated tobacco push - Reuters https://t.co/nV1kasZsJq
Philip Morris’ goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates https://t.co/dEpaMxRiAd
Philip Morris faces key test with US heated tobacco push https://t.co/Cyhr7iTWFk https://t.co/6GH8IOqKvt
British American Tobacco $BATS $BTI bulls: Menthol ban delay validates our thesis; US gov. was never going to ban products popular with many voters Same bulls: FDA will validate our thesis; US gov. will remove illicit e-vapor disposables, products popular with many voters https://t.co/j1UD9LJeuk
British American Tobacco $BATS $BTI bulls: Menthol ban delay validates our thesis; US gov. was never going to ban products popular with many voters Same bulls: The FDA will validate our thesis; US gov. will eliminate illicit e-vapor disposables, products popular with many voters https://t.co/2rcUoxMVdW
US inflation Y/Y rapidly moderated from ~6% in Feb 2023 to ~5% in Mar-Apr then ~4% or lower after Tobacco inflation oscillated mostly in 6-8% Macro doesn't explain routine ~10% volume declines And Altria $MO mgmt. agrees with us (They blame E-cigs explicitly) https://t.co/2rEsUMjDm2 https://t.co/xFJdPfjlws
Total inflation Y/Y rapidly moderated from ~6% in Feb 2023 to ~5% in Mar-Apr then ~4% or lower after Tobacco inflation oscillated mostly in 6-8% Macro doesn't explain routine ~10% volume declines And Altria $MO mgmt. agrees with us (They blame E-cigs explicitly) https://t.co/U3lR7h7vvp https://t.co/xFJdPfjlws
Read some bearish commentary 🐻 on $BATS $BTI $MO $PM sector. Id suggest folks take some time and read this transcript. $MO … then read it again and again. Available free here. GS exchange 🔑… 2H https://t.co/ACOVwGGHyB Big picture: $MO 🔑 point, comes down to wage growth… https://t.co/0BEp47q2G5
If you own shares in British American Tobacco $BATS or Imperial Brands $IMB, you should read this Altria $MO Q1 results show what's happening in the US cigarettes market right now, even though BAT and IMB don't report quarterly It's not pretty; we are downgrading MO to Neutral https://t.co/xFJdPfjlws
Sky News host Rita Panahi suggests the Biden administration’s “inexplicable backflip” on a ban on menthol cigarettes could be due to the upcoming election. https://t.co/ZDnjeXSfuk
Menthol ban dropped. Take note of this: Took 3 years and...faded away into nothing. SOP for this industry. $MO https://t.co/aHe8iZnSbd
US delays plan to ban menthol cigarettes More details: https://t.co/aNrLTTontw #ARYNews https://t.co/Du2MHJbHWP