The tobacco industry closed the day up 0.8%. Alliance One International Inc (AOI) were all decliners today within the tobacco industry with Star Scientific Inc (CIGX) being today's featured tobacco loser. Star Scientific Inc fell 24 cents (-10.3%) to $2.57 on average volume. Throughout the day, 2.3 million shares of Star Scientific Inc exchanged hands as compared to its average daily volume of 2.5 million shares.
Star Scientific, Inc., together with its subsidiaries, engages in the development, implementation, and licensing of tobacco curing technology that prevents the formation of carcinogenic toxins present in tobacco and cigarette smoke, primarily the tobacco-specific nitrosamines (TSNA). Star Scientific Inc has a market cap of $272.8 million and is part of the consumer goods sector. Shares are up 19.5% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates Star Scientific as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share.
You can view the full Star Scientific Ratings Report.
On the positive front, were all gainers within the tobacco industry with Philip Morris International Inc (PM) being today's featured tobacco industry winner.
Use our tobacco section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the tobacco industry could consider PowerShares Dynamic Food & Beverage (PBJ) while those bearish on the tobacco industry could consider PowerShares DB Agriculture Sht ETN (ADZ).
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четверг, 6 октября 2011 г.
пятница, 29 июля 2011 г.
Reynolds American CEO Daniel Delen
With tax hikes, smoking bans, health concerns and social stigma still cutting into cigarette sales, Reynolds American Inc. and other tobacco companies are looking to cigarette alternatives for sales growth.
The nation's second-biggest tobacco company and maker of Camel, Pall Mall and Natural American Spirit brand cigarettes said the number of cigarettes it sold fell 4.4 percent to 19.4 billion cigarettes in the second quarter.
But the Winston-Salem, N.C., company sold 3.6 percent more of its smokeless tobacco including Grizzly and Kodiak and its U.S. market share of the segment grew 1.5 percentage points to 31.3 percent. Grizzly's sales volume grew 4.7 percent in the quarter and its market share grew 1.9 percentage points to 27.4 percent.
It has attributed growth of its brands to the expansion of its sales force over the last year to support both its cigarette business and its American Snuff subsidiary, which makes its smokeless tobacco products.
The nation's second-biggest tobacco company and maker of Camel, Pall Mall and Natural American Spirit brand cigarettes said the number of cigarettes it sold fell 4.4 percent to 19.4 billion cigarettes in the second quarter.
But the Winston-Salem, N.C., company sold 3.6 percent more of its smokeless tobacco including Grizzly and Kodiak and its U.S. market share of the segment grew 1.5 percentage points to 31.3 percent. Grizzly's sales volume grew 4.7 percent in the quarter and its market share grew 1.9 percentage points to 27.4 percent.
It has attributed growth of its brands to the expansion of its sales force over the last year to support both its cigarette business and its American Snuff subsidiary, which makes its smokeless tobacco products.
понедельник, 21 сентября 2009 г.
Cancer society cuts Oneida ties over cigarettes
SYRACUSE, N.Y. — The American Cancer Society says it's severing ties with the Oneida Indian Nation, jeopardizing the organization's annual Coaches vs. Cancer fundraiser at the tribe's Turning Stone Resort and Casino.
The announcement came after the Oneidas said they've bought a cigarette manufacturing plant and will make their own cigarettes to sell.
The Cancer Society has been criticized in the past for holding the fundraiser at Turning Stone because the resort allows smoking and the nation sells tax-free cigarettes. The annual gala raised $325,000 this year for the cancer society.
Syracuse University Coach Jim Boeheim, a cancer survivor who sits on the national board of Coaches vs. Cancer and hosts the event, said Thursday he disagrees with the cancer society's decision.
The announcement came after the Oneidas said they've bought a cigarette manufacturing plant and will make their own cigarettes to sell.
The Cancer Society has been criticized in the past for holding the fundraiser at Turning Stone because the resort allows smoking and the nation sells tax-free cigarettes. The annual gala raised $325,000 this year for the cancer society.
Syracuse University Coach Jim Boeheim, a cancer survivor who sits on the national board of Coaches vs. Cancer and hosts the event, said Thursday he disagrees with the cancer society's decision.
четверг, 6 августа 2009 г.
Cigarette smuggling brings $5,000 fine
A man smoked out by border officials with five cartons of undeclared cigarettes was smacked with a $5,000 fine Wednesday.
It was the fifth time 48-year-old Janusz Gorecki of Mississauga was caught attempting to smuggle goods into the country.
“That you would take this risk time and again is very surprising,” said Judge Joseph Nadel, in St. Catharines court Wednesday.
Federal prosecutor Darren Anger said the commercial truck driver was crossing the Queenston-Lewiston Bridge on Feb. 27 when customs officials ran his name and found he’d been subject to previous seizures.
They searched the truck and found five cartons of cigarettes in the well of the cab behind fridge unit.
Anger said Gorecki told officials the cigarettes were for himself and he could only buy the brand from Smokin’ Joes.
By hiding the cartons, he attempted to evade $215.51 in taxes.
The joint submission for a $5,000 fine was to deter Gorecki and others from smuggling, Anger said.
Gorecki was convicted and fined $2,700 in February 2007 while the other three prior incidents involved seizures only.
The judge said he felt bad for imposing such a large fine for a paltry offence but added it was Gorecki’s fifth attempt at smuggling.
“Prior lesser sentences have failed to deter you,” Nadel said.
It was the fifth time 48-year-old Janusz Gorecki of Mississauga was caught attempting to smuggle goods into the country.
“That you would take this risk time and again is very surprising,” said Judge Joseph Nadel, in St. Catharines court Wednesday.
Federal prosecutor Darren Anger said the commercial truck driver was crossing the Queenston-Lewiston Bridge on Feb. 27 when customs officials ran his name and found he’d been subject to previous seizures.
They searched the truck and found five cartons of cigarettes in the well of the cab behind fridge unit.
Anger said Gorecki told officials the cigarettes were for himself and he could only buy the brand from Smokin’ Joes.
By hiding the cartons, he attempted to evade $215.51 in taxes.
The joint submission for a $5,000 fine was to deter Gorecki and others from smuggling, Anger said.
Gorecki was convicted and fined $2,700 in February 2007 while the other three prior incidents involved seizures only.
The judge said he felt bad for imposing such a large fine for a paltry offence but added it was Gorecki’s fifth attempt at smuggling.
“Prior lesser sentences have failed to deter you,” Nadel said.
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