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As the pandemic increases stressors in our daily lives - college students, heads of households, and working moms alike need respite from anxiety triggers. Owner of the world-famous Marlboro brand, Phillip Morris has the product hard-working consumers need most - nicotine. With a rock-bottom price trading at 16X earnings, PM appears primed to take advantage of governments imposing further legal restrictions on our daily lives. Nowhere are these restrictions more variable than SE Asia, where levels of business activity vary greatly by jurisdiction. As governments continue to adopt various cumbersome regulations, PM stands ready to increase revenues as individuals turn back to the Marlboro Man. Carrying a 5.24% yield, our firm views PM trading at $104.69 heading into year-end.
LONG | PM |Company represents tobacco-industry, which we believe will endure the effects of the pandemic. HCC invests in carefully picked stocks that we believe will perform well despite the ongoing state of the world economy. Most stocks in our portfolio have distinct characteristics such as low P/B or low P/E and they are well established. Each stock has a weight of 3 to 8% in our portfolio.