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Retrieved 6 November 2024
When I recently went to the Dan Tobacco website, I was fascinated by the companys history and the absolutely beautiful photos of both the outside and inside of their facility, with photos showing production of their excellent blends as well as not only their history, but how their tobacco production has changed over the last more than a century of operations
"It does not get more rare or harder-to-find than Pelo de Oro tobacco." Translated to "golden hair" in Spanish, Pelo de Oro was once a popular tobacco in Cuba, but was eventually phased out on account of its susceptibility to the blue mold disease
Despite these near-term constraints, we see little to alter our confidence in Zoetis wide economic moat, including its intangible assets and cost structure. Zoetis is the undisputed leader in the global animal health industry, and we believe it possesses the widest moat of all the competitors
Matt Welch is editor in chief of Reason and a contributing writer to Opinion
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