Interesting thesis on these "sensitive" businesses, both stocks/companies are big ships to steer away from traditional tobacco.

Can't help myself because this still feels like a hot button issue. Talking about nicotine delivery products as being assets strikes me as the kind of asset to an org that is still ultimately a liability to public and personal health. There's no good benefit to ingesting nicotine and, as the BigPharma industry has shown, getting an FDA stamp doesn't make something good for you. While these companies will still make a buck, and there's going to be some arbitrage opportunity here, I can't help but root for these tobacco orgs to finally hit the end of their road. How can inhaling anything be turned into a good long term (50+ year) business? Also, as far regulating youth access, if kids can't get it in the store then we're likely to continue seeing the proliferation of the black market and the even more harmful products being made in someone's garage.

The "sin" stocks will stay unliked as the ESG theme grows and divestments continue by some of the largest sovereign wealth/institutional investors. Plus, there's so many negative headlines around this that it's hard to see these go up in the near-term

Juul is the best thing since sliced bread. Please don't ban it.

Hello. Some of the data in the video are not correct. IQOS had a serious marketing campaign in Greece (which is one of their biggest iqos sticks factory located) but they have very low success compared to the marketing budget spend. So the conversion rate from analog cigs is too low as the product itself (the sticks) have nothing to be close in taste comparing to e-cigs or analogs. There is also a major risk here concerning lobying as the other big tobacco enter the market but with e-cigs and not those heating devices. What i would search more in that trade is the profit margin per IQOS stick in comparison to profit margin per analog cigs. From my research the profit margins are multipliers of the analog/classic e-cigs.

Dissapointed with Boockvar. Can anyone trust these companies to be honest about their products? Health issues aside, he hasn't been picking very well over recent times.