When American investors think the greatness of tobacco, Altria (NYSE: MO) and Philip Morris International "(NYSE: PM) are the first companies come to mind. But based on recent performance, British American Tobacco (NYSE: BTI) should definitely be in the of the mixture, after the interim management report of the company released on Wednesday.
In British American reporting on the results of nine months basis, we are somewhat comparing apples and oranges, especially since the company reported no profits or revenue numbers. But British American result, the volume is roughly in line with Philip Morris: a 2% increase in overall growth (including acquisitions), but 3% decline excluding acquisitions. Compare that with the general decline of Philip Morris International in the amount of 2,9% (4% reduction without acquisitions) in earnings release last week.
While Philip Morris has experienced 4.3% drop in volume for the flagship brand Marlboro, British American saw 4% of the total volume of profit for the four "Global Drive brands, which include:
9% growth in Pall Mall
5% growth for Lucky Strike
6% growth Dunhill
This British American apparently weathering the economic storm quite well.
More impressively, British American said that the company delivered revenue growth without currency considerations (although it does not specify whether it was organic or through acquisitions). For comparison, Philip Morris International reported a 5.3% decline in revenue for the quarter and 1.4% decline in operating income and earnings would have grown by 6,9% with no adverse currency fluctuations.
As global excise taxes on tobacco growing, cigarette manufacturers have their work cut out for them to protect profits, despite lower volume. For small-scale producers such as the Vector Group (NYSE: VGR) may be particularly at risk, as consumers decide how much they are willing to pay to smoke.
Inside Altria not fared much better, with a decrease in sales volumes and partly increase excise taxes, while Reynolds American (NYSE: RAI) also reported a 11% drop size. On the other hand, Lorillard (NYSE: LO) served up more than an average of 6,1% by volume decreases, even, as shown by 2,6% increase in operating income. British American Tobacco owns 42% shares of Reynolds American.
Although the tobacco market is not growing in the United States, however, consumers are not completely scared off increase in excise taxes. Similarly, the global tax increase is just beginning to unfold. And yet, these taxes can not kill the industry, global consumers are increasingly turning to gray or black market smoking as a result of increased excise taxes, leaving the growth prospects of premium products like Marlboro in some jeopardy.
joi, 29 octombrie 2009
miercuri, 28 octombrie 2009
Marlboro Lights Smokers, probably noticed that last year their favorite brand is not a good taste of cigarettes, as it should be.
Marlboro Lights Smokers, probably noticed that last year their favorite brand is not a good taste of cigarettes, as it should be. This could be because they were counterfeit.
The authorities of New Jersey announced yesterday that they were eliminating a ring that imported tens of thousands of boxes of cheap imitations from China.
Seven people from Philadelphia and four from South Jersey have been charged in the indictments, after two years of secret operations in Atlantic City and South Jersey, said John Hagerty, a representative of the New Jersey Division of Criminal Justice.
Three New Jersey men infiltrated the organization and bought more than 32,000 boxes of reduced Marlboro Lights, 25,000 doses of ecstasy drug nightclub, and more than 125 pounds of potent marijuana. Counterfeit smoke flooded the market with the price of the real thing skyrocketed to $ 6 a pack in New Jersey, said Lt. Paul Kuras of the state police casino unit, which lead the investigation.
"If you want to make money, it's even easier than selling drugs," Kuras said. "You could say they are unlikely to forgery. We see several of them on the market today - just a huge amount of cigarettes." The ring sold them for about $ 5 to $ 8 board, said Kuras. Cigarette with American-grown tobacco usually run about $ 55 per carton.
"Those whom we have very outdated, so they are not very good taste," Kuras, smoked, talked. "But still, people were willing to buy them for $ 20 board.
Cigarettes were distributed throughout the Philadelphia region, "he said.
Tobacco may have originated in China, but marijuana from Canada, said Kuras.
The authorities of New Jersey announced yesterday that they were eliminating a ring that imported tens of thousands of boxes of cheap imitations from China.
Seven people from Philadelphia and four from South Jersey have been charged in the indictments, after two years of secret operations in Atlantic City and South Jersey, said John Hagerty, a representative of the New Jersey Division of Criminal Justice.
Three New Jersey men infiltrated the organization and bought more than 32,000 boxes of reduced Marlboro Lights, 25,000 doses of ecstasy drug nightclub, and more than 125 pounds of potent marijuana. Counterfeit smoke flooded the market with the price of the real thing skyrocketed to $ 6 a pack in New Jersey, said Lt. Paul Kuras of the state police casino unit, which lead the investigation.
"If you want to make money, it's even easier than selling drugs," Kuras said. "You could say they are unlikely to forgery. We see several of them on the market today - just a huge amount of cigarettes." The ring sold them for about $ 5 to $ 8 board, said Kuras. Cigarette with American-grown tobacco usually run about $ 55 per carton.
"Those whom we have very outdated, so they are not very good taste," Kuras, smoked, talked. "But still, people were willing to buy them for $ 20 board.
Cigarettes were distributed throughout the Philadelphia region, "he said.
Tobacco may have originated in China, but marijuana from Canada, said Kuras.
Skin care for smokers
Everyone knows about the dangerous effects of smoking. Many people guess why it is harmful. But not all were able to abandon the habit. No one is ready to give up after one, two or even five cigarettes. But, God forbid, if something happens with our handsome face (especially if you are a woman).
Let us strive to eliminate all shortcomings. What can we do when we want to smoke and to keep our skin healthy the same time? It can prevent the negative circumstances of this harmful habit. For this purpose, it is necessary to conduct intensive complex cosmetic procedures. Но, прежде всего, нам необходимо изучить суть проблемы.
Maybe it's not necessary?
Tobacco belongs to the widespread consumables harmful substances. The substances contained in tobacco, affect the central nervous system, creating a relaxing feeling, without intoxication. The poisonous alkaloid - nicotine in low doses has the effect of imitation. This is to make people feel relax for a while. Thats, why in times of stress, scared or nervous, many smokers want to smoke a cigarette to relieve stress. Nicotine is detrimental to both lungs and skin. Because the skin is always exposed to the adverse effects of smoke. As a result of corneal scleroses layer of collagen structures of the skin are destroyed and there are wrinkles on the face.
Careful peeling
Smoking men and women to clean skin on a regular basis. After the first treatment, it is necessary to make a chemical with a special gel is smooth, so as to remove keratinization, which appears on the forehead, chin and cheeks.
You can also make peeling with sea salt and enzymes. This procedure will be more effective if it lasts 10 minutes. Peeling with enzymes to remove horny skin and fat particles. Remainder of the peeling cream is removed from frimator. You should keep in mind the fact that the mechanical peeling is not recommended if you have sensitive skin.
Stimulation of blood circulation
If your skin is not very sensitive, you can make a mask with detergent, which stimulates blood circulation in the upper layers of the skin and softens the skin oily plugs. This would facilitate its removal in the future. Then the skin is carefully cleaned with the Lancet or hollow needles and cleared. Only after these procedures, active substances that stimulate blood circulation, apply to a person: vitamin A, fruit acid, collagen, elastin and Qelee Royale, which is able to retain moisture. Fat-containing preparations produces less effect, it is recommended to use them in conjunction with electrophoresis.
The following procedure is a soft, relaxing massage, which can be more energetic if the skin is not very sensitive. You can use any O / W-emulsion as a cream for massage. Finished with a massage, tightening lifting collagen mask and a mask of linen placed on the skin. All types of masks, which contain biologically active fat-free basis, suitable smokers skin. Concentrates and masks promote intensive skin hydration. For round eyes, irritated skin collagen used packages that are placed during the procedure masks. The rest of the masks are removed after some time with a warm compress, and then biologically active substances applied to the skin (also moisturizing day cream and make-up).
Day-after-day care
In order to ensure optimal skin care, woman-smoker to carry out necessary procedures for the systematic, as well as place of residence. The light enzyme peel for removal of dead cells is very useful. Its enough to be applied once a week. Rates of treatment with concentrates of biologically active substances required for intensive moisturizing skin. Round eyes, irritated skin should be treated with a special agent for assistance.
Regular skin care and beauty shop in the place of residence, although the usual totally avoid the negative effects of smoking, but he will get it from premature aging.
Let us strive to eliminate all shortcomings. What can we do when we want to smoke and to keep our skin healthy the same time? It can prevent the negative circumstances of this harmful habit. For this purpose, it is necessary to conduct intensive complex cosmetic procedures. Но, прежде всего, нам необходимо изучить суть проблемы.
Maybe it's not necessary?
Tobacco belongs to the widespread consumables harmful substances. The substances contained in tobacco, affect the central nervous system, creating a relaxing feeling, without intoxication. The poisonous alkaloid - nicotine in low doses has the effect of imitation. This is to make people feel relax for a while. Thats, why in times of stress, scared or nervous, many smokers want to smoke a cigarette to relieve stress. Nicotine is detrimental to both lungs and skin. Because the skin is always exposed to the adverse effects of smoke. As a result of corneal scleroses layer of collagen structures of the skin are destroyed and there are wrinkles on the face.
Careful peeling
Smoking men and women to clean skin on a regular basis. After the first treatment, it is necessary to make a chemical with a special gel is smooth, so as to remove keratinization, which appears on the forehead, chin and cheeks.
You can also make peeling with sea salt and enzymes. This procedure will be more effective if it lasts 10 minutes. Peeling with enzymes to remove horny skin and fat particles. Remainder of the peeling cream is removed from frimator. You should keep in mind the fact that the mechanical peeling is not recommended if you have sensitive skin.
Stimulation of blood circulation
If your skin is not very sensitive, you can make a mask with detergent, which stimulates blood circulation in the upper layers of the skin and softens the skin oily plugs. This would facilitate its removal in the future. Then the skin is carefully cleaned with the Lancet or hollow needles and cleared. Only after these procedures, active substances that stimulate blood circulation, apply to a person: vitamin A, fruit acid, collagen, elastin and Qelee Royale, which is able to retain moisture. Fat-containing preparations produces less effect, it is recommended to use them in conjunction with electrophoresis.
The following procedure is a soft, relaxing massage, which can be more energetic if the skin is not very sensitive. You can use any O / W-emulsion as a cream for massage. Finished with a massage, tightening lifting collagen mask and a mask of linen placed on the skin. All types of masks, which contain biologically active fat-free basis, suitable smokers skin. Concentrates and masks promote intensive skin hydration. For round eyes, irritated skin collagen used packages that are placed during the procedure masks. The rest of the masks are removed after some time with a warm compress, and then biologically active substances applied to the skin (also moisturizing day cream and make-up).
Day-after-day care
In order to ensure optimal skin care, woman-smoker to carry out necessary procedures for the systematic, as well as place of residence. The light enzyme peel for removal of dead cells is very useful. Its enough to be applied once a week. Rates of treatment with concentrates of biologically active substances required for intensive moisturizing skin. Round eyes, irritated skin should be treated with a special agent for assistance.
Regular skin care and beauty shop in the place of residence, although the usual totally avoid the negative effects of smoking, but he will get it from premature aging.
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