What a way to finish the first half of 2012! The relief in the markets is palpable with the possibility that a solution to European debt crisis may be on hand. The story, of course, does not end soon, but the market will take any improvement in the situation. The Value Stock Guide Portfolio ended [...]
UVV – Universal Corp.
Universal Corporation, through its subsidiaries, operates as a leaf tobacco merchant and processor primarily in North America, South America, Africa, Europe, and Asia. It engages in selecting, buying, processing, packing, storing, supplying, shipping, and financing leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. The company processes and/or sells flue-cured and burley tobaccos, dark air-cured tobaccos, and oriental tobaccos. Its flue-cured, burley, and oriental tobaccos are used principally in the manufacture of cigarettes; and dark air-cured tobaccos are used in the manufacture of cigars, pipe tobacco, and smokeless tobacco products. Universal Corporation also provides value-added services, such as blending, chemical and physical testing of tobacco, just-in-time inventory management, and manufacturing reconstituted sheet tobacco. The company was founded in 1888 and is headquartered in Richmond, Virginia.