TPB - 5 Top Tobacco Stocks to Buy Now
Tobacco stocks offer a unique combination of traits for investors to consider. The tobacco business has been a cash cow for its top companies, and the biggest players in the industry have been able to pay extremely attractive dividends while still offering share-price appreciation over the long haul. However, many people still feel uncomfortable investing in the tobacco industry, with concerns about the health effects of tobacco products continuing to draw the attention of consumer advocates and government regulators.
As consumer tastes change, even mainstream tobacco companies have turned over a new leaf with respect to their business models. Many are looking seriously at phasing out traditional tobacco products, seeking to replace them with alternatives that they hope will have fewer adverse health effects. The drive toward lower-risk products in the tobacco industry has opened up the field to a set of new players, many of which have already made names for themselves. Moreover, the rise of the legal cannabis industry has created opportunities for tobacco companies to play a larger role in an adjacent business segment, and top tobacco businesses have joined forces with rising marijuana producers to leverage their expertise in the new, fast-growing cannabis industry.
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