The company's shift towards smokeless products and profitabi...
The company's shift towards smokeless products and profitability of new categories may be positive. However, the massive writedown indicates challenges in the traditional cigarette market. The statement about considering disposals suggests potential strategy changes.
Value of U.S. Cigarette Brands Written Down by $34 Billion
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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