Word: tobacco
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Dates: during 2000-2009
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...solid balance sheets that do well on the rebound. Often such stocks also carry the highest dividend yields. Look at banks (AmSouth, U.S. Bancorp), basic materials (Dow Chemical, Lubrizol), energy (Consol Energy), manufacturers (Dana, Ford), real estate investment trusts (AMB Property, Federal REIT), utilities (Con Edison), and food and tobacco (UST, Philip Morris...
...hype about anthrax? Because tobacco, bad driving, and virtually all of the other things likely to kill any one of us are boring. Terrorists, on the other hand, make excellent press. They generate amazing amounts of fear. In their current incarnation, terrorists are dark, mostly foreign, and (according to most Americans) believe in the wrong God. People want desperately to look outside themselves for threats to their well being. It is much easier to look outside ourselves for threats, because if we look inside ourselves and see something we don't like, we might have to make deep and fundamental...
...solid balance sheets that do well on the rebound. Often such stocks also carry the highest dividend yields. Look at banks (AmSouth, U.S. Bancorp), basic materials (Dow Chemical, Lubrizol), energy (Consol Energy), manufacturers (Dana, Ford), real estate investment trusts (AMB Property, Federal REIT), utilities (Con Edison), and food and tobacco (UST, Philip Morris...
...irony in this case is that a staid Swiss firm has learned the U.S. class-action game well enough to sidestep the punitive damages that have knocked down other businesses--think asbestos--like dominoes. Medica's bold, novel defense may set a precedent for other lawsuit-plagued industries, including tobacco...
...almost better to set out to get lost. From your hotel, pick a path along one of the terrace tops and simply follow it. By switching course no more than half a dozen times, walkers should be able to construct a largely flat circuit through layered rice and tobacco fields, along steep riverbanks and past villages set in the rolling, verdant landscape. This is true Marlboro Country. The red and white murals of cigarette packs painted on the sides of drying towers show where farmers dream of sending their truck-wheel-sized leaves. Tobacco may be a pernicious business...