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Headlines Tagged with Investing 4,272 headlines found


GAMBLE BACKFIRES: Tobacco company’s $4.5 billion fail

in recent years, the industry has been able to push through price increases to make up for falling volumes - boosting profits and stock prices. That has enabled big investments aimed at developing smoking alternatives, like e-cigarette devices and other g
Toowoomba Newspapers Pty Ltd (au)
added Apr 23, 2018 13:54

Cigarette Stocks Have Gotten Burned This Week. Could Things Get Even Worse for Big Tobacco?

But what was potentially more troubling to companies like Altria and British American Tobacco was PMI’s admission the next generation of tobacco products meant to make up for declining traditional cigarette sales—such as “heat not burn” devices like the i
Fortune Magazine
added Apr 21, 2018 16:35

[North Carolina] Tobacco stocks burned by slump in Japanese market for one company's heated cigarettes

Eclipse was considered ahead of its time when developed in the 1990s, but has struggled to gain traction with smokers while in national distribution from 2003 to 2007. Eclipse remains available in limited supply at wholesale and retailer request, includi
Winston-Salem (NC) Journal
added Apr 20, 2018 18:05

Philip Morris International: light my fire ($$)

Financial Times (uk)
added Apr 20, 2018 17:51

Are Cigarettes Finally Dead? Phillip Morris Plunges

Philip Morris International (PM) shares are in free-fall this morning after announcing Q1 earnings that were actually slightly higher than analyst estimates. Revenues were lower than expected however, and the future of the industry looks grim.
Zacks Investment Research, Inc.
added Apr 20, 2018 17:46

Philip Morris: Smoke Gets in Your Eyes

Analysts are still upbeat about Philip Morris, but aren't surprised that the shares are trading down today, given the lackluster results for its iQOS heated tobacco products: Technological advances like ecigarettes and smokeless tobacco are becoming incr
added Apr 20, 2018 17:42

Basically, no one wants Philip Morris tobacco products anymore

Apparently, people aren’t that interested in sucking the tobacco out of Phillip Morris’s new iQos offering. The cigarette giant had hoped the smoke-free product would help propel it into a new era, but as Bloomberg reports, after it spent $4.5 billion on
Fast Company
added Apr 20, 2018 17:41

Philip Morris’s Drop Is Big, But Where There’s Smoke ...: Gadfly

Predictably, many analysts were still upbeat. Wells Fargo & Co.’s Bonnie Herzog said she’s still optimistic on Philip Morris’s long-term growth prospects, while Piper Jaffray Cos.’ Michael Lavery said the drop looked excessive relative to the fundamental
Washington Post
added Apr 20, 2018 17:40

Why tobacco stocks’ downturn is likely to go up in smoke

So have we really turned a corner, where tobacco companies will no longer generate the gargantuan long-term returns they’ve been known for? I don’t think so, which is why I bought Altria – a sister company to Philip Morris – on the dip. My refusal to b
Globe and Mail (ca)
added Apr 20, 2018 17:39

Philip Morris International Inc.: An Industry Goes Up in Smoke

Philip Morris fell 15% and took the whole tobacco sector down with it.
added Apr 20, 2018 17:33
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