Now There’s a Thing – More Big T companies diversifying.

From the Motley Fool:-

http://www.fool.com/investing/general/2013/10/02/put-this-tobacco-company-in-your-pipe-and-smoke-it.aspx

Additionally, traditional tobacco supplier Universal (NYSE: UVV  ) , the largest leaf tobacco supplier to the industry, has directed a portion of its efforts to creating the liquid nicotine used by electronic cigarettes. As well it might. Revenues at Universal last quarter fell 6% as carryover shipments of tobacco were substantially lower, resulting in a drop in adjusted net income of $18 million. Yet Universal is so new to the e-cig side of the industry there’s no knowing how its entry will play out.

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About mdolphins

Hotelier, Vaper, husband.

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