Episode 119: John Hempton - Cutting through the uncertainty
Inside the Rope with David Clark
Is the Tobacco Industry Cheap?
Tobacco stocks are still cheap, but they've actually gone up. Most of the bad days have revolved around our biggest nicotine stock at swedish match. But there's an old saying in stock markets that good things happen to cheap stocks. So, you know, i'd love to say i made lots of money, but we didn't. They've certainly been on the better side of the book.
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