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Raherison C, Pnard-Morand C, Moreau D, Caillaud D, Charpin D, et al

Business Overview of Dominant Tobacco Stocks Each of these cigarette companies are very large as measured by market capitalization: MO: $132 billion PM: $142 billion RAI: $80 billion BTI: $106 billion While each is in the business of selling cigarettes, each of these companies have distinct characteristics that should be described before diving into further analysis

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But because there is no actual tobacco in the product, people often assume that it is a safer alternative than traditional tobacco products