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.
“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.”