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Motley Fool Hidden Gems Investing

E-Cigarette Ruling Hits Wall St.

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 22 June 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

The FDA is preparing to order Juul Labs to take its e-cigarettes off the market in the U.S. (0:25) Bill Mann discusses: - Shares of Altria Group, owner of a 35% stake in Juul, getting hit on the news - Why one of Altria's main competitors is unaffected - How he thinks about "sin stocks" as a category of investing (10:00) Ricky Mulvey talks with Bill about the billions of dollars of Bitcoin on MicroStrategy's balance sheet affects the view of the business, and what a potential margin call means for its shareholders. Stocks discussed: MO, BTI, MSTR, META, NVDA Host: Chris Hill Guests: Bill Mann Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

We've got another reminder that when Uncle Sam comes knocking on a company's front door,

0:10.2

it's not to give them candy and flowers.

0:12.3

Motley Fool Money starts now.

0:21.5

I'm Chris Hill and joining me back by popular demand.

0:24.7

Motley Fool Senior and Les Bill Man.

0:26.2

Thanks for being here.

0:27.2

Can't get rid of me, Kenya.

0:29.5

Let me just pull back to curtain for the dozens of listeners.

0:32.2

Sometimes, it doesn't happen often, but sometimes there's a miscommunication in scheduling.

0:36.4

And the analysts who schedule just kind of falls through.

0:40.3

And then you go to the emergency route and call up Bill Man.

0:46.1

And say, Bill, need you back on the show.

0:48.6

And given that I don't know what I'm talking about in the best of times, I'm ready.

0:55.2

I think you're going to have informed opinions and analysis on this story, because this

1:00.7

is a pretty big story, which is that the US Food and Drug Administration is preparing

1:08.8

to order jewel labs to take its e-cigarettes off the market here in the US.

1:17.6

The Wall Street Journal is reporting this.

1:20.6

We'll see if the actual ruling comes down by the time this episode gets published.

1:28.2

Altria Group has a 35% stake in jewel labs and not surprisingly shares of Altria down

1:35.6

8.5% on this news, which for a stock like Altria, not historically a big mover day-to-day

1:45.2

in either direction, pretty significant drop.

1:48.4

I find it amazing in this country that jewel, that jewel-e-cigarettes may actually be made

...

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