“Wall Street loves money. And cigarettes are money. You are clearly earning huge returns at the expense of people’s lives.”It's enough to make you sick.
-Michael D. Hausfeld, a lawyer in a pending class-action lawsuit against tobacco companies * * *
“At times, as a tobacco investor or a tobacco analyst, it seems like an unending stream of negative news,” Mr. Adelman of Morgan Stanley said. “You hear about smoking bans, a new piece of legislation. You hear about criticism from the World Health Organization.
“And then lo and behold, manufacturers release their results,” he said. “And they are good.”
09:54 CST - Addendum: Sadly, Altria's Board just approved the spin-off of Kraft. Wall Street will be even happier...