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Japan Tobacco, for instance, has its fingers in the key Japanese market, and the success that Philip Morris has had on conventional tobacco sales there makes the island nation a battleground

We spoke about that. For historical reasons, BAT has indirect access to the Indian market via ITC, but if they sell now, they cant come back

Cigarette wars: the triumph of "the little white slaver"

It is also a reminder that smokers are more likely to be from lower socio-economic backgrounds, to have lower education, and lower health literacy, he said

Given the overall decline of tobacco use throughout the world, I would typically take a cautious view on such a company