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Is 22nd Century Group a Buy?

TheMotleyFool

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Tobacco company 22nd Century Group (NYSEMKT: XXII) has been one of the hottest stocks to buy this year. Its shares have already climbed more than 120%, dwarfing the S&P 500 and its 13% gains. There is an awful lot of bullishness behind a business that has generated losses that have nearly eclipsed its revenue over the past year.

The company has been working on some exciting things, but it still has a long way to go in proving it is the real deal. Is this just another high-risk meme stock, or could 22nd Century make for an incredible investment opportunity?

Image source: Getty Images.

Source Fool.com

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