MO drops on Biden banning nicotine?

2021年4月20日

lol what? Tobacco stocks are dropping on news that Biden is planning to restrict nicotine content in tobacco products. This brings MO down about -12% from the high two days ago but still up 14% on the year. It is an attractive dividend yield play at this price (about 7%) but waiting for it to come to a proper support before buying myself.

I like MO actually as a pot stock play. They are already positioned in the industry through acquisitions a few years ago. I think that companies who have hundreds of years of experience in growing, cultivating, processing and (most importantly) marketing smoking products will do well in the long term future.