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A 2006 study published in the BMJ (new window) by a group of Canadian and international researchers, including Fong, found gaps in knowledge among smokers and concluded that large, graphic warnings on cigarette packaging are more effective in communicating the health risks of smoking

This is because, as the World Bank puts it, many smokers are not fully aware of the high probability of disease and premature death, and because of the addictive nature of tobacco

Looking at the valuation, the company has reasonable multiples, but at the same time, it is not currently able to grow revenues and EPS quickly

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