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I believe 22x is an upper bound multiple for the stock, but as I said above, even without multiple expansion SWMA can deliver 16.5% CAGR total shareholder return

Nicotine, the addictive substance in cigarettes, can affect the levels of certain chemicals in your brain, including dopamine and serotonin

If smoking is associated with roughly the same degree of change to the immune response as aging, he speculates, You might imagine that smoking could add years to your immunological age. Duffy and his colleagues at the Milieu Intrieur project already have multiple follow-up projects underway, gathering data from donors in Africa and Asia as well as from children and adults over 75 years old

New research in lab models indicates that low doses of carbon monoxide comparable to that experienced by smokers protected against neurodegeneration and prevented the accumulation of a key Parkinsons-associated protein in the brain

Updated: February 25, 2026