|Bid||30.90 x 500|
|Ask||33.98 x 100|
|Day's Range||31.01 - 31.09|
|52 Week Range||28.33 - 32.42|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Tobacco bonds have been volatile in the last seven years. Falling MSA payments caused the volatility. Tobacco bonds offer relatively good cash flow returns.
Tobacco bonds could still be a decent investment. When there's a default, tobacco bonds behave differently than corporate bonds.
The most important factor that's impacting settlement payments under the MSA is US cigarette consumption. People don’t smoke that much anymore.