CVS Caremark Corporation Quits Tobacco Cold Turkey
In the headlines segment of Market Checkup, The Motley Fool's health-care investing show analysts David Williamson and Max Macaluso look at the big news from CVS Caremark Corporation.
CVS announced that it will no longer sell cigarretes, or tobacco products of any kind, in its retail stores. Of course, like many smokers quitting cold turkey, it set its date far out in the future, specifically Oct. 1.
In this video, David and Max discuss the impact to CVS's financials and how it could benefit its competitors, and they take the view that CVS is smartly shaving short-term profits for long-term gains.
CVS is thinking long-term. So should investors.
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The article CVS Caremark Corporation Quits Tobacco Cold Turkey originally appeared on Fool.com.David Williamson and Max Macaluso, Ph.D., and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
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