Trade of the Month: Distell vs Sun International
Distell’s looking bubbly, but patience is needed for Sun International
Sin stocks were severely punished in the various Covid-19 lockdowns. By "sin" stocks IM is referring to companies that rely on addictive vices to churn revenue and cash flows — such as liquor, tobacco and gaming counters.
Traditionally — thanks to unalterable human nature — these "sin" companies have been reliable cash flow generators and solid dividend payers. People will smoke, people will gamble and people will drink. Fact...