Consumer goods analyst Austin Smith discusses the future prospects for big tobacco companies. While tobacco companies used to speed through the regulatory approval process by creating products similar to previously released ones, the U.S. Food and Drug Administration recently announced new restrictions slowing this process. Because of domestic regulatory concerns, Austin prefers international tobacco companies like Philip Morris and British American to domestic ones like Altria or Lorillard.
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Austin Smith owns shares of Philip Morris International. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Philip Morris International. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.