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Philip Morris plans to give up on cigarettes

Posted on 1/3/18 at 6:58 pm
Posted by Houma Sapien
up the bayou
Member since Jul 2013
1688 posts
Posted on 1/3/18 at 6:58 pm
LINK

Can't wait for the OT's reaction on this one.
Posted by TheMailman
Member since Jul 2017
1550 posts
Posted on 1/3/18 at 6:59 pm to
Don't see what the big deal is? Somebody will jut buy that from them and continue to sell them
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
118615 posts
Posted on 1/3/18 at 6:59 pm to
Going after the weed market.
Posted by Winston Cup
Dallas Cowboys Fan
Member since May 2016
66986 posts
Posted on 1/3/18 at 7:01 pm to
Winston, Kool, Salem, Maverick and USA Gold

just some of the fine options available from ITG Brands if you are looking for a new flavor
Posted by 9001
Pools closed
Member since Jul 2017
2100 posts
Posted on 1/3/18 at 7:02 pm to
They did it to themselves.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139231 posts
Posted on 1/3/18 at 7:04 pm to
I'm sure their stock holders are happy to hear that
Posted by JackieTreehorn
Member since Sep 2013
35576 posts
Posted on 1/3/18 at 7:04 pm to
“Who's done more research on the subject than the good people at the American Tobacco Industry? They say it's harmless. Why would they lie? If you're dead, you can't smoke.”

Roy Munson
Posted by PrivatePublic
Member since Nov 2012
17848 posts
Posted on 1/3/18 at 7:07 pm to
quote:

I'm sure their stock holders are happy to hear that


Has been one of the best dividend plays for the past 5 years, but it may be time to sell.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 1/3/18 at 7:15 pm to
It’s a dying business. Literally.

Probably going to slowly convert those tobacco fields for cannabis.
Posted by TigerChief10
Member since Dec 2012
10858 posts
Posted on 1/3/18 at 7:19 pm to
The cocaine industry won't let parliaments go away.
Posted by deltaland
Member since Mar 2011
103919 posts
Posted on 1/3/18 at 8:18 pm to
Solid marketing ploy to make people rush to buy cigarettes thinking they'll no longer be available soon.

They better not get rid of my parliaments
Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
80837 posts
Posted on 1/3/18 at 8:40 pm to
It is bold as frick on their part if true.
Posted by 3deadtrolls
lafayette
Member since Jan 2014
7092 posts
Posted on 1/3/18 at 8:41 pm to
quote:

Can't wait for the OT's reaction on this one


Sounds like PM is tired of being trashy.
Posted by lsursb
Baton Rouge
Member since Jan 2004
12369 posts
Posted on 1/3/18 at 10:02 pm to
They should just diversify into caskets and burial business. They have the customer base “hooked”.
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 1/3/18 at 10:07 pm to
quote:

Philip Morris plans to give up on cigarettes


And focus 100% on vaping and weed.

There's a bunch of seemingly random things happening that point to federal deregulated on the horizon
Posted by saintforlife1
Member since Jul 2012
1392 posts
Posted on 1/3/18 at 11:41 pm to
Bought Philip Morris stock based on The Big Fella's recommendation over at the Money Talk. Dude owns a bunch of gas stations and had pre-ordered a Tesla. I thought he knew what he was talking about. PM was my worst performing investment the past few years. Should have listened to Wiki instead and bought some Bitcoins instead. I would have been a millionaire by now.
Posted by diat150
Louisiana
Member since Jun 2005
48188 posts
Posted on 1/4/18 at 12:22 am to
Lmao. What did he say? Asians smoke alot?
Posted by TheGooner
Baton Rouwage
Member since Jul 2016
1278 posts
Posted on 1/4/18 at 12:55 am to
Hmmm.

MO is one of my best performing positions.
Posted by Twenty 49
Shreveport
Member since Jun 2014
21536 posts
Posted on 1/4/18 at 8:02 am to
When I hear politicians and corporate shills say things of which I am skeptical, I often think of how the CEOs of the 7 biggest tobacco companies testified under oath before Congress and each said some version of, "I do not believe that nicotine or cigarettes are addictive." Youtube Link

Within days, internal documents were leaked that contradicted their testimony. An internal report from 1963 had a top executive saying: "We are then in the business of selling nicotine, an addictive drug effective in the release of stress mechanisms." LINK

It is a good reminder that many people will convince themselves of an alternative truth or just flat fricking lie under oath when money or power are on the line.
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
24372 posts
Posted on 1/4/18 at 8:08 am to
quote:

Winston


Winston tastes good,
like a cigarette should.
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