The following video is part of our "Motley Fool Conversations" series, in which Austin Smith, consumer goods editor and analyst, & Andrew Tonner, technology editor and analyst, discuss topics across the investing world.

In today's edition, Austin and Andrew discuss Lorillard. As the company makes a decision to stick strictly with cigarettes, many other tobacco companies are adding smokeless products to their portfolios.

Austin Smith and Andrew Tonner own no shares of the companies mentioned here. The Motley Fool owns shares of Philip Morris International and Altria Group. Motley Fool newsletter services have recommended buying shares of Philip Morris International and creating a bear put ladder position in Lorillard. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.