Posts Tagged "no more smoking"

Imperial Tobacco and BAT fall as Citi says smoking could disappear by 2050

Posted on Jan 10, 2011 in Uncategorized

Could the last cigarette smoker have quit by 2050 and if so, what would this mean for the tobacco companies? This is the question tackled today in a 72 page report by Citigroup analysts, who believe they have found evidence that smoking could virtually disappear. They say: We think this evidence is credible and new to the investment debate, and has important implications for the next few years. However, these trends are extremely long-term in nature, and don’t on their own justify any particular action now, in our view, as opposed to in January 2009 or January 2013. Taking the very...

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