I haven't smoked since I was a young kid in college and the last area of investing I would consider is tobacco stocks. Then the recession hit. City, state and the Feds will be looking t increase a falling tax income. So where to go? You guessed it. That is why I looked at VGR. If you smoke cheap is better.
Vector Group, Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It produces cigarettes in approximately 245 combinations of length, style, and packaging under LIGGETT SELECT, GRAND PRIX, EVE, PYRAMID, and USA names, as well as under various partner and private label brands. The company also develops and markets the low nicotine and nicotine-free QUEST cigarette products, as well as reduced risk cigarette products. Its customers primarily include candy and tobacco distributors, the military and large grocery chains, and drug and convenience store chains.
Let's not forget NYC and VGR investments there. In addition, Vector Group engages in the real estate business; offers residential brokerage services; and holds interests in various spas, resorts, and hotels. The company, formerly known as Brooke Group, Ltd., was founded in 1911 and is based in Miami, Florida.
VGR pays a nice 11% dividend at these prices and has options to play.
So as I light up "cough...cough...cough" VGR longs.
| 52-Week High (12-Dec-07) 3 : | 21.9048 |
| 52-Week Low (10-Oct-08) 3 : | 10.82 |
| 50-Day Moving Average 3 : | 15.2258 |
| 200-Day Moving Average 3 : | 16.5302 |
$13.98 (12/08/08)
