We all have our vices. Fortunately you can profit from the depraved habits of others!
We’re just poking some fun at the topic – but certainly if you trade this space you know that cigarette makers, alcoholic beverage companies and other firms that cater to human indulgence can present interesting opportunities. Following are the vice trades Patty Edwards of Storehouse recommended to the Fast Money desk.
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“I’d look at Philip Morris,” counsels Edwards. “It’s trading at 14 times earnings and a 5% dividend. Also almost half of its revenues are coming from Asia and developing nations. I think it’s a slam dunk.”
”And I’d also look at Molson Coors,” she adds. “It’s trading about 13 times earnings and I think they benefit from grain prices going down.”
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Trader disclosure: On July 7th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Terranova Owns (MSFT), (XBI), (ABT); Terranova Owns (UNG) Puts; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman Owns (TBT), (RIG); Finerman's Firm Owns (FCN), (MSFT), (NOK), (PBR), (RIG), (TBT), (WMT), (FLS); Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (BAC), (IYR), (IJR), (MDY), (SPY), (USO); Seymour Owns (AA), (AAPL), (BAC), (BX), (DRY), (EEM), (FXI), (INFY), (SBUX); Seymour's Firm Is Short (PBR); Seymour's Firm Owns (FCX), (NOK)
Edwards Owns (SH), (COST), (WMT), (PM)
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