All citizens of the United States (including children over the age of 6) must smoke menthol cigarettes, else endure a 50% income tax penalty.
That is all.
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Joined Nov 10, 2007
23,474 Blog Posts
Wow, equivalent to making MO a health care provider, I’m all in, it’s not just for the divi anymore!
The tobacco companies make far more money overseas than here at home. The cost of making a pack of cigarettes has only risen slightly since the eightys
Why do you refuse to Tweet me back? I thought we were friends? Tell that Jake Gint guy that I’ll meet him but ONLY if he buys me that lobster dinner.
You’re on, John Rambo!!
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Indeud, our brave new world is one where wind and water power machines, cigarettes are on the rise, everyone is digging around for gold, and California is desolate. Wait, that was 1850.
In fact this was just out today from Moody’s:
New York, March 23, 2010 — The U.S. tobacco industry continues to have a stable outlook as recent steep volume declines ease, says Moody’s Investors Service in its annual outlook report. Moody’s expects U.S. cigarette sales volume to decline about 3% to 4% in 2010 and 2011, a marked improvement over a severe 8.6% decline in 2009.
Despite the steep drop in cigarette consumption, attributable to pressures on the U.S. consumer and the Federal 61-cents-a-pack excise tax on tobacco products, the tobacco companies have maintained solid profitability. Moody’s expects the industry to maintain operating margins in 30% to 40% range, a key support to the stable outlook.
Git yer 6-shooter an cowboy hat, yee-haw.
Moody’s. Seeing as they we ‘dead on’ with their call of the credit crisis perhaps this IS their report for the tobacco industry circa 1850…they are just getting to it now.
Newport Lights all the way baybee.
ROFL. Good one Woody.
Not sure if you saw my note in ppt Wood, but if you have some spare time, which i know you don’t, I would love to see a study done on stocks that had a reverse split, a la AIG, SNS, ect.
Unfortunately, I’m serious. I’m getting ready to head outside and smoke me one of those menthol lung killers before bed. Sometimes life deals you cards that require cigarettes to be smoked as you’re playing them. Lucky for me, I don’t like them enough to buy them very often.
Email or call me about your idea with reverse splits. I’ll see what I can do.
You are so fuggin ghetto.
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LOL.
I’ve been smokin’ these for decades…
A real coffin nail.
http://www.thetobaccoshop.net/images/dunhill_int.jpg
Explains the pallour.
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If you didn’t say it, Dave Chapelle would have. On a similar note, if the US would only legalize marijuana, the taxes would roll in and traffickers would be put out of business.
The revenues and taxes wouldn’t amount to squat. The real money would be saved from not having to enforce the laws, fewer people in prison, court costs, loss of tax revenue due to normal citizens sitting in prison, and the basic destruction of all of the stupid infrastructure built around prohibition of a plant.
The infrastructure is promoted by the true Kingpins. They’ll never let that happen.
sneaky
Check out Woodshedder’s PDS winship, for TODAY only. LOL He is killing it:
Here’s a quick summary of today’s action:
The following positions were sold today at the closing bell:
Sold PAET for a 11.67% gain.
Sold PACR for a 11.04% gain.
Sold LULU for a 8.6% gain.
Sold FBN for a 8.4% gain.
Sold DNDN for a 8.34% gain.
Sold CHINA for a 6.08% gain.
Sold ARUN for a 4.27% gain.
Sold CHINA for a 3.72% gain.
Sold ENS for a 3.56% gain.
Sold EBIX for a 3.52% gain.
Sold EWZ for a 3.5% gain.
Sold XHB for a 3.48% gain.
Sold LAB for a 3.1% gain.
Sold CYBS for a 2.62% gain.
Sold TRH for a 2.49% gain.
Sold LKQX for a 2.4% gain.
Sold EBIX for a 2.28% gain.
Sold THOR for a 2.28% gain.
Sold LAB for a 2.11% gain.
Sold DBRN for a 1.93% gain.
Sold LSTZA for a 1.5% gain.
Sold DBRN for a 1.36% gain.
Sold TYC for a 1.27% gain.
Sold EVVV for a 1.15% gain.
Sold TPX for a 0.9% gain.
Sold CBE for a 0.68% gain.
Sold GPRE for a 0.65% gain.
Sold ACXM for a 0.33% gain.
Sold NTY for a 0.02% gain.
Sold NWSA for a -0.21% loss.
Sold SSP for a -1.76% loss.
Sold EOG for a -1.99% loss.
Yeah, sometimes it blows my own mind!
Shoulda held onto SNDK, M. Le Piquer.
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Ah, yeah, during the time of the permanent melt-up, it is easy to sell too soon. However, this condition will not last forever.
That equates to a + 3.1% average.
The system works!
Congrats.
How do you sell so many positions in such a short time span? did you put in these sells like hours before the close? Do you do them manually ?
Or are these sells placed when they were bought?
Thanks..very impressive…the question is one of logistics – I have lots of positions too and am trying to find ways to manage the number of stocks I own…
Mrs. Buttons, the picks are ranked, and you would theoretically have bought as many of the top ranked picks as you had money for.
This edict seems… strangely familiar….
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Anyone care to comment on DOW Chemical? I see a P/E of 190 and a debt/equity ratio of 110% yet the price is scraping the sky. Am I missing something here or are those numbers insane??
normalized p/e of probably more like 8. The Rohm and Haas aquisition will lead, whenev the economy is at the same level as 06/07, to new all time high profits for DOW.
Also, until the credit crisis and the Rohm aquisition, DOW had raised its dividend every year for like 60 years or something, and the dividend where it was b4 the cut early in 2009 would be >5%, and in all likelihood it will be raised to new highs in say 2-3 years.
Beyond that, DOW is an ancient and massive industrial company, and while it lists book value of only about $15/share, or $17 billion, Credit Suisse about a year ago listed saleable non-core assets of close to $40 billion (depreciation, they are all depreciated).
Beyond that, DOW is stil trading at elvels not seen since the last bear market in 02/03.
Gun to my head, new all time share prices lie in store for DOW when it trades to a 3.5-4% dividend yield on a new all-time-high dividend in 3 years.
you might be onto something here?
now no one can be turned down for pre-existing conditions, smoking might just take a new surge upward?
Bullseye. Eat, drink, smoke, fvck whatever you want. People are just that stupid to go ahead and back up the truck to load up on debauchery with a perceived safety net like that.
Buttons
Those gains were generated by the pds, for subscribers. I doubt wood went long all of those names
Dr. Le Fly,
Any idea what’s causing TLT to tank this morning? Is it the threat of the US credit rating downgrade?
It’s called “Reversion to the true value”. Like GMCR heading for
below fifty.
Simple…. investors increasingly prefer corporate grade debt compared to government debt.
below 50 after a 2:1 split, I gather.
TLT down on PIMCO bullshit
Gee, I wonder if the market is going to scream higher today. The fact that we are not in the green right now is completely mystifying. I mean, isn’t the fed funds rate still 0%? And doesn’t that therefore mean that the stock market must never have a down day, as it becomes exclusively a 100% correlated mechanism to the ancient theory that the “dollar is going to 0″…
US Long Treasuries are down because the debt markets are pricing their spreads negatively to corporate high grades.
Score one for the corporate fascist movement in Congress, I guess.
In the meantime, Dollar up and Treasuries, down…. what the floo?
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Jake
That is not true. People didn’t wake up today and have that dawn on them.
Hellloooooo. Bank breakout.
LOL.
Dr. Fly is putting this in your chart.