Richard C. Ersted
@richard_ersted
Alumnus @stanfordeng '80 awarded @taubetapi & @uclaanderson '86 awarded @bgshonorsociety . Not investment advice; not registered & not an investment advisor
"FDA head warns of illegal vaping products from China" abcnews.go.com/US/fda-head-wa… h/t @LanceChurchill $PM $BTI $BATS $TPB $HAYPP
Instagram post earlier today at btomorrow ventures (BTV), a subsidiary of $BTI $BATS. Why not spin BTV off, allowing senior management at $BTI $BATS to fully focus on nicotine, where a significant transformation is now underway, one with much future promise?…
"Importantly, synthetic nicotine may be chemically different from tobacco-derived nicotine. Nicotine can exist as the (R) or (S) enantiomer; plant-derived nicotine overwhelmingly consists of (S)-nicotine (>99%), while synthetic nicotine may be a 50:50 mixture of the two…
Post at Reddit re $BTI $BATS Velo Plus here in the US; disclaimers apply [anecdotal; single user w single post; may not be representative of any or all users; only a portion of comments shown, given display constraints; unconfirmed; +]
![richard_ersted's tweet image. Post at Reddit re $BTI $BATS Velo Plus here in the US; disclaimers apply [anecdotal; single user w single post; may not be representative of any or all users; only a portion of comments shown, given display constraints; unconfirmed; +]](https://pbs.twimg.com/media/Gwfyf8_aMAA46_o.jpg)
"But, performance [by $PM in 2Q'25] actually remained strong. Philip Morris raised the lower end of organic operating income growth guidance by 50 basis points, with the range now 11.0% to 12.5%." morningstar.com/company-report…
$BTI $BATS
I wrote this article a little while ago, but today I uploaded the video. Let's check out Velo Watermelon Chill! Text - chadizzy1.blogspot.com/2025/06/velo-w… Video - rumble.com/v6wjbn4-velo-w…
Philip Morris International, $PM, Q2-25. Results: 📊 Adj. EPS: $1.91 🟢 💰 Revenue: $10.1B 🔴 📈 Net Income: $3.7B 🔎 Strong smoke-free business momentum with record net revenues and IQOS growth driving results
If today's 7%+ decline holds, this will be Philip Morris International's $PM second biggest one-day drop on earnings in its history behind a 15% drop back in April 2018.
Zyn volumes declined sequentially for the first time in nearly 5 years. $PM: -8% today
Second-half of slide 9 from today's presentation by $PM, with text highlighted w my green rectangle "Expect strong H2 [Zyn] off-take growth" $BTI $BATS $TPB $HAYPP
![richard_ersted's tweet image. Second-half of slide 9 from today's presentation by $PM, with text highlighted w my green rectangle "Expect strong H2 [Zyn] off-take growth" $BTI $BATS $TPB $HAYPP](https://pbs.twimg.com/media/Gwe9wwubEAAI3P3.jpg)
$PM $BTI $BATS $TPB $HAYPP "[Philip Morris] is pulling “all levers” to maximize the growth of Zyn, Chief Financial Officer Emmanuel Babeau said on a call with analysts. “We’re going to restart normal activity and that will certainly include more promotion.”"…
$PM
Philip Morris International Inc. 2025 Second-Quarter Results: pmi.com/investor-relat… Selected slides from presentation: philipmorrisinternational.gcs-web.com/static-files/6…
$BATS $PM
Why haven’t high dividend paying stocks tried switching to monthly in order to compete for savings accounts? It’s idiotic they don’t actually market their value proposition. $MO $BTI tobacco should switch to monthly.
$BTI $BATS
Everyone who uses pouches knows that Velo+ is the better product. Look at BTI's slide decks and see their market share around the world... those guys know how to make darn good pouches
$BTI taking share via Velo+
Has Zyn peaked? Q2 Zyn cans sold were 190M vs expectations of 203M. And the retailer “re-stock” of Zyn in the 1H happened faster than expected, so the gap vs sell-in vs sell-out makes this miss look even greater. Still a phenomenal asset, but will dent the $PM story if peaked.