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.

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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 [...]

I initially purchased UVV (Universal Corp) in the Value Stock Guide portfolio on Oct 13, 2011 at an average cost of $41.03/share and sold out of the entire position on May 10, 2012 at $45.72/share. Including commissions, the average capital gains amounted to 10.94%. UVV has also paid $0.98/share in dividends in the interim. Including [...]

There are certain sectors in the economy that are relatively recession proof. Tobacco is one such sector, and it has mainly to do with a more or less inelastic demand of the products. While most of the tobacco majors are not expensive, they cannot be considered terribly cheap either. However, this company continues to trade [...]