Long-term, I suspect this media panic over vaping illness leads to small, unregulated mom n pop vape juice retailers being regulated out of existence, and the banning of imported vape carts from unregulated sources in China or elsewhere in Asia. Strict regulatory standards written by Altria lobbyists will be put into place, and they will end up with a near-monopoly on domestic vape sales through Juul.
Liking the $1 Billion share buyback as well. At these prices, that can retire a lot of shares and substantially reduce the overall amount that Altria is paying out to shareholders in dividends, and further allow them to raise the dividend, as they have for decades.
Liking the $1 Billion share buyback as well. At these prices, that can retire a lot of shares and substantially reduce the overall amount that Altria is paying out to shareholders in dividends, and further allow them to raise the dividend, as they have for decades.