Rangeley Capital's portfolio managers Andrew Walker and Chris DeMuth Jr. host a fifteen-minute podcast, which you can subscribe to on iTunes, Stitcher or audioBoom. If you missed the previous episode, then please check out Is Tesla Really Worthless?
In the current episode, we start with yesterday's ban on alcohol. We discuss alcohol-related stocks such as Anheuser-Busch InBev (NYSE:BUD). Then we turn to today's ban on marijuana. After that, we talk about China and cross-border M&A. If you listened to the podcast and have any feedback for us, please feel free to email it to us at firstname.lastname@example.org. If you did not listen to the podcast and have feedback, please send it to any other e-mail address along with a link to it on iTunes, Stitcher or Soundcloud.
Disclosure: I am/we are long SYT, RAI.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Chris DeMuth Jr. and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. This post may contain affiliate links, consistent with the disclosure in such links. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).