Wednesday, March 2, 2011

Has a Tobacco Company Stumbled on an Alzheimer’s Cure?


(InvestorPlace) Tobacco stock Star Scientific (NASDAQ: CIGX) is a company that focuses on smokeless tobacco products. But if Star Scientific has its way, the public could have a very different perception of tobacco — namely, as the plant that cured Alzheimer’s. That could mean big things for tobacco, and even bigger things for Star Scientific stock.
So why haven’t you heard of this development? Well, because the results are preliminary and Star Scientific is burying its study on the potential cure in legalese and confusing press releases. As the pithy investor and journalist James Altucher wrote on Seeking Alpha, the latest press release from Star looked “looks like guys who got their law degree in some outpost of Antarctica wrote it.” Continued

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