(Total Views: 282)
Posted On: 10/08/2020 9:19:50 AM
Post# of 721
Yes, I could read it when I found it. However, now it seemed to be blocked as you say. I only got this for now;
WALL STREET JOURNAL
Tobacco Companies Get a Clear Smokeless Signal
Traditional cigarette sales have been resilient in the Covid-19 crisis, but investors seem prepared to reward only innovation
Staff members measure ingredients at a Swedish Match tobacco snus store in Stockholm.
PHOTO: ANNA RINGSTROM/REUTERS
By Carol Ryan
Oct. 7, 2020 7:54 am ET
The weak performance of most tobacco stocks this year suggests it will be a slog to lose their pariah status. A rally in one outlier, Swedish Match, shows why it should be worth the effort.
Shares in the Stockholm-listed business, which makes smoke-free nicotine products like Zyn oral pouches, have gained 50% this year. Its valuation premium over tobacco giants Philip Morris International, British American Tobacco and Altria in terms of forward price-earnings multiples has grown correspondingly more extreme.
Among...
TO READ THE FULL STORY
SUBSCRIBE
SIGN IN
The Wall Street Journal
Continue reading your article with
a WSJ membership
VIEW MEMBERSHIP OPTIONS
WHAT TO READ NEXT...
Independent of The Wall Street Journal newsroom
MARKETWATCH
Philip Morris shares rise after earnings and sales beat expectations.
Independent of The Wall Street Journal newsroom.
WALL STREET JOURNAL
Tobacco Companies Get a Clear Smokeless Signal
Traditional cigarette sales have been resilient in the Covid-19 crisis, but investors seem prepared to reward only innovation
Staff members measure ingredients at a Swedish Match tobacco snus store in Stockholm.
PHOTO: ANNA RINGSTROM/REUTERS
By Carol Ryan
Oct. 7, 2020 7:54 am ET
The weak performance of most tobacco stocks this year suggests it will be a slog to lose their pariah status. A rally in one outlier, Swedish Match, shows why it should be worth the effort.
Shares in the Stockholm-listed business, which makes smoke-free nicotine products like Zyn oral pouches, have gained 50% this year. Its valuation premium over tobacco giants Philip Morris International, British American Tobacco and Altria in terms of forward price-earnings multiples has grown correspondingly more extreme.
Among...
TO READ THE FULL STORY
SUBSCRIBE
SIGN IN
The Wall Street Journal
Continue reading your article with
a WSJ membership
VIEW MEMBERSHIP OPTIONS
WHAT TO READ NEXT...
Independent of The Wall Street Journal newsroom
MARKETWATCH
Philip Morris shares rise after earnings and sales beat expectations.
Independent of The Wall Street Journal newsroom.
(1)
(0)
Robert
