Philip Morris Stock Rating Increased after Tobacco Bill Passes

The recent American tobacco bill has also been called the Philip Morris Tobacco bill by tobacco harm reduction campaigners such as Bill Godshall.

• The bill blocks safer alternatives to smoking, all of which are manufactured by Philip Morris’ competitors.
• The bill also blocks foreign imported clove cigarettes while allowing equally dangerous home manufactured menthol cigarettes to remain on the market. Philip Morris has the second strongest menthol brand.
• Banned advertising will favour the dominant brands of cigarettes – which belong to Philip Morris.
• The bill is likely to introduce new regulations for cigarettes – regulations only Philip Morris is ready for.
• The bill gains FDA approval for cigarettes. Although the bill contains measures to stop this being communicated to consumers, this clause is unconstitional and is likely to be overturned on appeal, thus wrongly communicating to customers that the cigarettes are safe (see: Don’t Worry: The FDA Says It’s Okay!)
• Campaigners like Proffessor Michael Siegel allege that the bill was partially written by Philip Morris.
• Philip Morris spent millions campaigning for the bill.

As we pointed out in E Cigarette Investment, all this is good news for Philip Morris, and Nick Schulz has this morning pointed out that Morning Star has lifted Philip Morris’s rating to 5 stars, its highest possible rating for a stock.

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Related posts:

1. Tobacco Bill Will Damage FDA and Help Philip Morris
2. Tobacco Free Kids and Philip Morris: A Special Relationship?
3. The Tobacco Bill Which Will Kill Millions
4. Oppose The Tobacco Bill Now Says Smokefree
5. Tobacco Industry to Fork Out Billions

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