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...

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