Owen Bennett

After a 2012 attempt went up in smoke, California finally got around to vote for a measure that could curb smoking and tobacco consumption. Voters in the state supported a $2 tax on each pack of cigarettes, other tobacco products and e-cigarettes. This would bring up the taxes on a pack of...

While expressing optimism regarding the US tobacco sector, Jefferies’ Owen Bennett said in a report that the combined sector 12-month TSR is estimated at over 20 percent. He added that this could be the beginning of “a new era,” since industry value drivers were “...