$BTI for 09/10/13

The day of the meeting the price for $BTI is 104.72. I remain that this is a great stock to hold in our portfolio because is is largely uncorrelated with the market. 75% of BIT’s business is in emerging markets. This makes up for the declining US tobacco market. Currently, BTI has market leadership in 60 countries. The prospective yield for BTI is 4.5% which is a pretty safe hold.

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