Categories
· Business (Tobacco)
· Investing
Organizations
· MO
· Kraft
· Nabisco
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The Vice Fund's Dan Ahrens says shares in alcohol, tobacco, gaming, and defense outfits have many virtues for investors' portfolios
Jump to full article: Business Week/Bloomberg, 2004-09-15
Author: Dan Ahrens
Intro: On the tobacco sector, for example, Ahrens shrugs off the litigation risk, which he thinks is mostly in the past, and points to worldwide demand for tobacco and, in the case of Altria (MO, the former Philip Morris), diversification into other businesses such as Kraft and Nabisco.
These were a few of the points Ahrens made in an investing chat presented Sept. 9 by BusinessWeek Online on America Online. He was responding to questions from the audience and from Jack Dierdorff and Karyn McCormack of BW Online. Following are edited excerpts from this chat. A full transcript is available on AOL at keyword: BW Talk. . . .
tobacco is one of the most misunderstood industries in America. Investors hear the word "tobacco" and assume it must be a bad investment. They don't realize the worldwide demand for tobacco and don't realize that the majority of litigation risk is in the past. Everyone knows tobacco is bad for you, and moving forward, tobacco's expected to win litigation, as they have done in recent times.
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