sleepydragon Posted March 22, 2020 Share Posted March 22, 2020 Though I'd be tempted to just go long a portfolio of things you can get legally addicted to: MO/PM You believe the market has priced in the chance coronavirus has hastened the end of these companies? The possibility of being made illegal? It isn't even illegal to marry a child in this country. This is a country where masses of school children are riddled with bullets at school but freedom to own guns wins the day. Is there a constitutional right to tobacco I'm unaware of? In the US the smoking rate is what 25%? Try to take away the drug of choice for 25% of the population and see how that goes for you electorally? Maybe there is some coocoo kamikaze congressman out there that sees this as his wet dream coming to life. But for the rest of them ain't gonna happen. One reason for not owning tobacco stocks is some smokers will die from coronavirus and may decide to quit. This virus is especially bad for smokers Link to comment Share on other sites More sharing options...
sleepydragon Posted March 22, 2020 Share Posted March 22, 2020 Another stock is TJ Max No position (yet) Link to comment Share on other sites More sharing options...
rb Posted March 22, 2020 Share Posted March 22, 2020 Always loved TJX. Hope it gets cheap enough to buy Link to comment Share on other sites More sharing options...
james22 Posted March 22, 2020 Share Posted March 22, 2020 Though I'd be tempted to just go long a portfolio of things you can get legally addicted to: MO/PM You believe the market has priced in the chance coronavirus has hastened the end of these companies? The possibility of being made illegal? It isn't even illegal to marry a child in this country. This is a country where masses of school children are riddled with bullets at school but freedom to own guns wins the day. Is there a constitutional right to tobacco I'm unaware of? In the US the smoking rate is what 25%? Try to take away the drug of choice for 25% of the population and see how that goes for you electorally? Maybe there is some coocoo kamikaze congressman out there that sees this as his wet dream coming to life. But for the rest of them ain't gonna happen. One reason for not owning tobacco stocks is some smokers will die from coronavirus and may decide to quit. This virus is especially bad for smokers The argument will be made that smoking is now especially dangerous. Making it not-unlike other illegal drugs. I don't believe it's likely, I'm just questioning if the possibility is priced in (I'm guessing not). Interesting: https://www.politico.com/news/2020/02/15/could-tobacco-cure-coronavirus-115329 Link to comment Share on other sites More sharing options...
ERICOPOLY Posted March 22, 2020 Share Posted March 22, 2020 Though I'd be tempted to just go long a portfolio of things you can get legally addicted to: MO/PM You believe the market has priced in the chance coronavirus has hastened the end of these companies? The possibility of being made illegal? It isn't even illegal to marry a child in this country. This is a country where masses of school children are riddled with bullets at school but freedom to own guns wins the day. Is there a constitutional right to tobacco I'm unaware of? In the US the smoking rate is what 25%? Try to take away the drug of choice for 25% of the population and see how that goes for you electorally? Maybe there is some coocoo kamikaze congressman out there that sees this as his wet dream coming to life. But for the rest of them ain't gonna happen. One reason for not owning tobacco stocks is some smokers will die from coronavirus and may decide to quit. This virus is especially bad for smokers The argument will be made that smoking is now especially dangerous. Making it not-unlike other illegal drugs. I don't believe it's likely, I'm just questioning if the possibility is priced in (I'm guessing not). Interesting: https://www.politico.com/news/2020/02/15/could-tobacco-cure-coronavirus-115329 Smoking is the more likely target, by far, but a junk food tax should also see a tailwind from this too. Heart disease, diabetes, and high blood pressure have covid-19 mortality rates of 10%-6% according to the Chinese CDC. The external costs of the western diet are coming home to roost. Link to comment Share on other sites More sharing options...
rb Posted March 22, 2020 Share Posted March 22, 2020 I would add two Canadian REITs to the list. RioCan and Granite. I know that Canadian RE was insane to start, but it didn't go down 50% since ppl stopped buying Corona beer. Link to comment Share on other sites More sharing options...
sundin Posted March 22, 2020 Share Posted March 22, 2020 I would add two Canadian REITs to the list. RioCan and Granite. I know that Canadian RE was insane to start, but it didn't go down 50% since ppl stopped buying Corona beer. I'd add Smartcentre and Plaza. REITs have taken a huge hit in Canada, I wonder how much of this is due to worry over rent deferrals/credit concerns vs actual liquidity of these stocks. https://www.theglobeandmail.com/investing/investment-ideas/article-retail-reit-executives-are-buying-while-unit-prices-collapse/ Link to comment Share on other sites More sharing options...
K2SO Posted March 23, 2020 Share Posted March 23, 2020 Though I'd be tempted to just go long a portfolio of things you can get legally addicted to: MO/PM You believe the market has priced in the chance coronavirus has hastened the end of these companies? The possibility of being made illegal? This is the kind of speculation that convinces me that these companies are amazing buys right now. Link to comment Share on other sites More sharing options...
Ross812 Posted March 23, 2020 Share Posted March 23, 2020 I would add V, MA, and HD in retail to the list. KMI is not going to go anywhere either and I think it is a fantastic bargain right now. Link to comment Share on other sites More sharing options...
james22 Posted March 23, 2020 Share Posted March 23, 2020 Though I'd be tempted to just go long a portfolio of things you can get legally addicted to: MO/PM You believe the market has priced in the chance coronavirus has hastened the end of these companies? The possibility of being made illegal? This is the kind of speculation that convinces me that these companies are amazing buys right now. You think such speculation is irrational? H.R. 2339 - Protecting American Lungs and Reversing the Youth Tobacco Epidemic Act of 2020 https://www.congress.gov/bill/116th-congress/house-bill/2339 NYSAFP calls for ban on the sale of all tobacco and vaping products during pandemic https://wbng.com/2020/03/22/nysafp-calls-for-ban-on-the-sale-of-all-tobacco-and-vaping-products-during-pandemic/ Altria: The Potential Long-Term Impacts From The Coronavirus https://seekingalpha.com/article/4333611-altria-potential-long-term-impacts-from-coronavirus Link to comment Share on other sites More sharing options...
Castanza Posted March 23, 2020 Share Posted March 23, 2020 Though I'd be tempted to just go long a portfolio of things you can get legally addicted to: MO/PM You believe the market has priced in the chance coronavirus has hastened the end of these companies? The possibility of being made illegal? This is the kind of speculation that convinces me that these companies are amazing buys right now. You think such speculation is irrational? H.R. 2339 - Protecting American Lungs and Reversing the Youth Tobacco Epidemic Act of 2020 https://www.congress.gov/bill/116th-congress/house-bill/2339 NYSAFP calls for ban on the sale of all tobacco and vaping products during pandemic https://wbng.com/2020/03/22/nysafp-calls-for-ban-on-the-sale-of-all-tobacco-and-vaping-products-during-pandemic/ Altria: The Potential Long-Term Impacts From The Coronavirus https://seekingalpha.com/article/4333611-altria-potential-long-term-impacts-from-coronavirus I agree, this is absolutely possible (although an outright ban is unlikely). Prohibition already happened in the US. You've got to love American politics. The same people calling for a ban on tobacco products are also advocating for the legalization of marijuana ;D Link to comment Share on other sites More sharing options...
james22 Posted March 30, 2020 Share Posted March 30, 2020 NY considering cigarette sales ban https://seekingalpha.com/news/3556123-ny-considering-cigarette-sales-ban-report Link to comment Share on other sites More sharing options...
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