Boring companies can be some of the most exciting investment opportunities. When I say “boring," I mean the types of companies that sell the types of products that have existed mostly unchanged for decades, if not longer. When looking for these types of boring investments, it does not get much more boring than the alcoholic beverage industry. And Pernod Ricard (NASDAQOTH: PDRDY), the 216-year old French wine and spirits maker, is a particularly boring company.
[continued from “Investing in Cuba: Congressional Hardliners ‘Traders’ to the Cause”]
Cuba's iconic tobacco and alcohol products are the benchmark vices for many – including Americans which are still the largest consumers of the island’s sin exports.
After acquiring Spain’s Altadis in 2008 with its 50% interest in Cuba’s state cigar monopoly Habanos, Britain’s Imperial Tobacco (NASDAQOTH: ITYBY.PK) became the leading distributor for the island more »