
NYSE:MO
He does not like investing in companies that kill people directly. As an investment, he is amazed at how well cigarette companies can continue to do. The company is constantly profitable and has lawsuits all the time in many different countries yet they somehow manage to pay them and move on. Nice dividend payer. BV of about $2. If you strip out the goodwill, you end up with negative BV.
This represents a defensive type of stock. Cigarettes have been challenged from an ethical standpoint for many years and people had expected a bigger impact on the price of the company. Nothing is going to change on the fundamentals for the next while. 4.8% dividend.