General Cigar Holdings (MPP) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : General Cigar Holdings (MPP)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Terror who wrote (53)	4/6/1998 4:31:00 PM
From: Scot	Read Replies (1) of 75

Hi Marcie, I've been following MPP for about six months. The problem I have with this stock and with CIG JRJR and any other cigar stocks is the current tobacco settlement. I don't know if you've been following it, but there has been some serious discussion about including cigars in the settlement. Fortunately, the current McCain bill does not directly include cigars, but there are already many amendments proposed. To give you some idea of what some of the prior proposals have been that I think would significantly affect cigars: restrictions or ban on mail-order, restrictions on the point-of-purchase (potentially eliminating walk-in humidors), and of course significant excise taxes. There was some committee testimony in March or late February by the Cigar Association of America that deals with some of these issues. If you can't find it, I could try to look it up and post it. Hopefully none of these things will happen. Until the settlement is resolved and tobacco is off the public enemy #1 list, I'm staying away from cigar stocks. But of course Castro could die...... -Scot

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next