In late June, San Francisco banned e-cigarette sales completely. That means no bricks-and-mortar sales. And no e-cigarette deliveries for online purchases.
That’s because this century-old Virginia-based company does one thing: sell raw tobacco leaf to major players like China National Tobacco, Altria Group MO, +0.49% and British American Tobacco BTI, -0.55% BATS, +0.19% It doesn’t have so much as a toe in the e-cigarette market.Investors recently took notice of Universal’s unique position. Shares jumped 4.1% after the San Francisco ban was announced. This is part of the reason Universal is the best tobacco company to buy right now.
It would hurt other e-cig-dependent tobacco companies as well, like UK-based Imperial Brands IMB, +0.40% IMBBY, +0.71% Imperial generates around 3% of sales from its e-cigarette line. That sounds small. But e-cigs made up 40% of the company’s sales growth over the last two years. E-cigarette use among minors has doubled since 2017, according to a recent survey from the National Institute on Drug Abuse. It was the largest year-over-year jump for any substance ever measured by the 44-year-old survey.
Most tobacco companies still make most of their money from traditional cigarettes. In fact, traditional cigarettes accounted for 95% of all tobacco sales in 2018. And there’s a good reason for that: Cigarettes are highly addictive. That’s one of the reasons tobacco stocks are such a great any-weather investment.
In other words, while vaping bans don’t bode well for certain tobacco companies, that doesn’t necessarily matter for us. Many tobacco stocks are still great, recession-resistant investments.
Make big $ off of death sticks Great strategy! Pff!
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