Monthly Archives: June 2011
Lorillard Slides on Valuation, Menthol Report
Both Morgan Stanley and Davenport lowered their ratings on the tobacco company’s shares, the former dropping it to equal weight from overweight and the latter from buy to neutral. Morgan Stanley’s action was largely based on valuation concerns as the stock has climbed nearly 40% over the last few months. However, it did keep its $105 price target. But Davenport … Continue reading
Navajo President’s Smoking Ban not Enforceable
FLAGSTAFF, Ariz. (AP) – Navajo President Ben Shelly cannot enforce an executive order to ban smoking in public places on the reservation, his spokeswoman said last week, easing concerns that an immediate prohibition would jeopardize a $150 million casino in Arizona. Shelly signed the order this week, saying he wanted to create a healthier environment for Navajo people who are … Continue reading
Celebrities Who Have Quit Smoking
Just like regular people, these stars were addicted to cigarettes. But through different means of therapy, they fought the urge to smoke and quit the nasty habit – for good.
Assessing the Consequences of Smoking
The physical and medical consequences of smoking are numerous, and the extent and seriousness of smoking-related illness are shocking. More than 450,000 Americans die each year as a result of smoking. Between 3,000 and 5,000 more die as a result of exposure to smoke in the environment (known as secondhand smoke). Smokers get sick and die at younger ages than … Continue reading
Smoking is Bad for Your Health – - Tobacco bonds will kill you
I think tobacco bonds are headed into the crapper. There’s about $56b of them out there. Most of that is either in retail hands or in bond funds that retail owns. This is likely to be a slow motion train wreck rather than something that explodes into the headlines one morning. But it will put a dent into some 401Ks. … Continue reading
Smoking Ban: 8 Warnings, 11 Fines Issued
MARIETTA – Since Ohio enacted a voter-approved indoor smoking ban at businesses four years ago, 124 complaints have been investigated in Washington County, with eight warnings and 11 fines issued. Smoking is prohibited in most indoor, public places under the ban, which went into effect in 2007. State and local health officials have issued more than 2,300 fines totaling more … Continue reading
Philip Morris USA Parent Fights Mini-Tender Offer
RICHMOND, Va. (AP) — Altria Group Inc., the parent of the Philip Morris USA tobacco empire, went on the offense after an investment company offered to buy 4 million of its shares — much less than 1 percent of its outstanding stock — at a below-market price. Altria issued a statement Friday afternoon urging shareholders not to sell to TRC … Continue reading
Smoking and Its Effects
Why people start to smoke Most smokers start smoking when they are teenagers. In the ‘olden days’ when your parents and grandparents were teenagers, people started smoking because: – their friends smoked. – they thought smoking was the ‘grown up’ thing to do. – their heroes smoked, including many sports stars. – tobacco advertising in films, magazines, TV, sports and … Continue reading
Research Reveals Smokers View Nicotine As Addictive As Cocaine
To mark World No Tobacco Day tomorrow, a new survey reveals smokers themselves perceive nicotine to be more addictive than cocaine and only marginally less addictive than heroin. Smoking is in fact a chronic, relapsing medical condition but 60% of smokers who have tried to quit at least three times have never sought medical help or treatment and despite recognising … Continue reading
E-Cigarette Users Battle Smoking Ban
DEKALB COUNTY, Ga. — A proposed smoking ban in DeKalb County plan is finding opposition from an unlikely group — some non-smokers. A growing number of people have begun using electronic cigarettes as a way to kick the tobacco smoking habit. E-Cigarettes use a battery to heat up a nicotine-laced liquid. Users inhale the vapor, and exhale a water vapor … Continue reading
