Tobacco Industry Shines in Strong Global Economic Environmentadmin September 22, 2021 0 COMMENTS
In recent years, it appears that in Dubai tobacco companies have been running scared. Because of this, they’ve been resorting to questionable tactics to distract from all the negative public publicity that their commercial products constantly bring each day. Many tobacco companies have also launched various public-relations campaigns aimed specifically at the youth demographic. This is probably because tobacco companies realize that young people constitute the largest percentage of tobacco users. With so much money and so much time to waste, tobacco companies know that they need to come up with some clever ideas to counteract the bad press their product consistently receives.
According to a recent article, one of the latest strategies that tobacco companies have come up with is the so-called “healthy smoking” campaign. This campaign, which is being implemented in several countries, promises people that the cigarettes they’re smoking will give them many health benefits, such as protection against heart disease and cancer. What’s more, the campaign promises smokers that they’ll be able to live longer and avoid diseases caused by smoking by simply staying away from the bad habit. What makes these claims and the entire campaign in general, questionable is the fact that there is no concrete evidence linking second-hand cigarette smoke to any of these diseases.
In addition to trying to convince young people that cigarettes are good for their health, tobacco companies have tried to capitalize on the public’s fear regarding second-hand smoke. For example, cigarette manufacturers are required to include the warnings “this product contains nicotine”, or to place it under the name of the cigarette if you want to smoke. In many places around the world, these laws are being ignored. Why is this? Well, the general population doesn’t think that cigarettes are as bad as they’re made out to be, and they don’t care about the fact that they are causing their family members to suffer when they smoke.
As a result of all this, many investors who have been counting on the health of tobacco companies to propel them into the future are losing money. The stock prices of many tobacco companies have decreased, while traditional cigarettes continue to grow in sales.
Is the tobacco industry dying? No. They are very much alive, and they are going to continue to grow for the foreseeable future. However, you may want to diversify your portfolio by including other stocks that are not related to tobacco companies. You may want to invest in energy, natural resources, pharmaceuticals, or something else that presents a much lower risk of loss.
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