Tom Russo was on Bloomberg radio earlier. Russo discussed why he likes the tobacco industry. Arguably the first global value investor, Russo is a big investor in Philip Morris. During the interview, Russo mentions the FCF of tobacco corporations, e cigarettes increasing domestic demand, and emerging markets being an area of growth.
Below is a link to the interview:
Half Moon Capital Returns 12.2% In 2020 Despite Short Position Drag
Eric DeLamarter's Half Moon Capital produced a return of 8% net of fees in the fourth quarter of 2020, bringing the full-year return to 12.2%, according to a copy of its fourth-quarter letter, which ValueWalk has been able to review. The fund maintained an average net exposure of 45% during the period. Q4 2020 hedge Read More