On Sin Stocks Report, I’m always scouring the web for great information about sin stocks. I just read a great article, published yesterday, about the top three players among tobacco sin stocks in the US and what’s been happening with them.
Altria (MO), the largest player, has seen its “fourth quarter profits more than doubled last quarter compared with last year”. The article goes on to say that Altria is making big strides into other tobacco markets, including chewing tobacco and smokeless tobacco.
Reynolds American (RAI) and Lorillard (LO), are the second and third largest players in US tobacco sin stocks. Their merger, which should be completed later this year, will “make them a formidable competitor to the current industry leader.”
Check out the article: 2 Sin Stocks With Killer Dividends