01-19-2017, 05:10 PM
(01-19-2017, 12:04 PM)ChadR Wrote: PM is my largest holding. Being entirely foreign sales, the market is huge. Some anecdotal evidence, when my wife and I were in Cancun last summer at an adults only resort, every Brit, Canadian, and South American we met smoked. Also a fair amount of the younger Americans were smoking too. I'm 41 and as long as I can remember, smoking was on the way out from no being able to advertise, surgeon general saying that smoking will kill you, the excessive sin taxes, and all the older customers were dying. I'm still getting my very large and getting larger dividend checks every 90 days.
I'm happy to have this cash cow generating lots of cash. I don't see smoking going away anytime soon. I like PM more than MO because of the lesser regulations in the countries outside of the US.
I was at a Luau in Maui last week with a "big" player in the Cali cannabis industry. They are positive that when legalization occurs at the Federal level, big tobacco will take over the cannabis business.
I wouldn't worry about your tobacco stocks.