Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I know that my view on the tobacco sector is not shared by everyone but that is why – despite never being a tobacco smoker – I have held (and made money investing in) shares in the sector. As I noted about my position in Imperial Brand (IMB) back in late March HERE, ‘the story here remains attractive’ – observing the modest rating and high dividend yield as well as ‘the remaining major tobacco sector names also getting involved with cannabis’. However Imperial Brands and British American Tobacco (BATS) shares are both down over five percent today, losing some of their recent gains. What is going on?
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