% | $
Quotes you view appear here for quick access.

Vector Group Ltd. Message Board

  • mmck1961 mmck1961 Feb 15, 2013 11:10 AM Flag

    Big and Small Tobacco Set to Profit From Emerging Legal Marijuana Trade

    he #$%$ business was worth an estimated $1.7 billion dollars last year and accounted for thousands of jobs. The segment is growing fast and a host of businesses benefit from trade in #$%$. Experts advise that now is a good time to jump on the marijuana train as it is just leaving the station. Speculation is that the drug could become federally sanctioned within the next five years. Speculation also says that the battle on who will bring marijuana to the market will be between tobacco companies and pharmaceuticals. The betting is that tobacco companies will have the edge, in which case there will be plenty of them lining up to get in on what is projected to be a combined $40 billion per year business.

    Definitely look to small-cap tobacco companies such as Vector Group (NYSE: VGR) to hop on the train as well as larger companies like Altria Group Inc. (NYSE: MO) and Reynolds American (NYSE: RAI). Vector is a solid performer which consistently turns a profit. It also pays double digit dividends to its shareholders. The company offers 118 combinations of cigarettes branded under the Pyramid, Grand Prix and Eve names. VGR has a $1.3 billion market cap and shares are trading at $15.87.

20.74+0.64(+3.18%)Oct 21 4:02 PMEDT