TOBACCO STOCKS SAFE HAVEN FOR SMALL INVESTORS – BUT INSUFFICIENTLY TASTY FOR HIGH ROLLERS
January 1st, 2012
BY ALAN OSBORN
Tobacco stocks have long been regarded as a safe haven for small investors. But they are currently so stable, speculators shy away. In the long term, however, American investment advisors are warning that tobacco companies may not be such a great bet.
IT is a commonplace that tobacco shares are the small investor's choice in times of slow or negative economic growth, and people who took their cue from that belief have done relatively well in recent years. Barely without exception, all quoted tobacco company shares in Wall Street, London and ...
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