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Alan R. Goozner During the 1994 Peso crisis, I started an e-mail newsletter. This followed from my comments to Mexican interest groups and list servers on the rapidly expanding Internet. The newsletter became a copyright publication : "The Mexican Commentary." This had a limited paid... More
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  • UVV UNIVERSAL CP - Tobacco is Good for your Economic Health 0 comments
    Nov 10, 2009 02:16 PM | about stocks: UVV
    Haven't you heard?

    Ever since the Surgeon General's Report on Cigarettes and Cancer over 35 years ago, World-wide cigarette consumption has more than doubled. (Also research how well the prices of tobacco stocks have done.)

    Tobacco consumption has the longest up trend in the history of mankind. Tobacco is income elastic. This means as more poor countries develop their economies and grow (think China, India, Etc.) growing populations spend more (a greater percentage of their total income) on tobacco.

    I also own VGR Vector Group.  Great dividends. I have been profiting from them for many years in all different types of economies.

    BTW on the morality argument against tobacco - people in the fastest growing countries have life expectancies less than 50 years. They are dieing from starvation - not lung cancer.  Some of these countries are land locked and find that tobacco provides employment in this labor intensive industry providing cash wages to buy better nutrition.  It also allows for the valuable foreign exchange earnings for farmers to grow more staple food crops. 

     


    Themes: vgr Stocks: UVV
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