Imperial Tobacco: International Cachet.(Brief Article)
Kiplinger's Pick of the Day Web Feature, November, 2004
Byline:Kiplinger Washington Editors
Call Dan Ahrens the bête noire of socially responsible investing. Ahrens runs the two-year-old Vice Fund, which actively pursues companies involved in spirits, tobacco, gambling and weapons -- the kinds of stocks that socially screened funds usually avoid.
Vice stocks are ideal for uncertain times, says Ahrens: "No matter what happens in the economy, people still drink, smoke and gamble."
It's little surprise, then, that among Ahrens's favorite stocks is Imperial Tobacco Group (ITY). Although smoking is declining in the U.S., the habit continues to grow apace elsewhere. Britain's Imperial, the world's fourth-largest tobacco company, is looking to expand its sales in Southeast Asia and Eastern...
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