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Is Big Tobacco Doomed Without CVS?

By Mark Reeth and Michael Finarelli – Feb 8, 2014 at 7:15AM

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CVS has announced that it will stop selling tobacco products by October--is this the beginning of a new anti-smoking trend that takes down Big Tobacco?

CVS (CVS -0.80%) has announced that in order to sharpen its focus on the health of its customers it will cease selling tobacco products by October of this year. The move will cost the company billions in sales, but could it cost the tobacco industry even more if other companies follow CVS' lead?

In this segment of the Motley Fool's consumer goods show, Consumer Countdown, CG analyst Michael Finarelli joins host Mark Reeth to discuss what lies ahead for CVS and if the company is about to take down Big Tobacco.

Mark Reeth has no position in any stocks mentioned. Michael Finarelli has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.

Stocks Mentioned

Cvs Health Stock Quote
Cvs Health
CVS
$101.19 (-0.80%) $0.82
Lorillard, LLC Stock Quote
Lorillard, LLC
LO.DL

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