10-13-2021, 01:51 PM
Just to be clear, I'm not too much against high div payers in general. I fully realize that they have their place in the portfolio of many people, myself included. It is very likely that anything yielding 6-10% will underperform the market in the long-term but in some situations getting that cash flow is worth giving up the growth.
I just think that whatever company you invest in, whether it yields 10% or 0%, has to have a sound business model. And I just don't think that is the case for these massive tobacco companies anymore.
I just think that whatever company you invest in, whether it yields 10% or 0%, has to have a sound business model. And I just don't think that is the case for these massive tobacco companies anymore.