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A wise investor never lets a perceived vice get between him and a nice profit. So no matter how you feel personally about booze and chewin' tobacco, read on. Goldman Sachs just issued a report today upgrading UST Inc. (NYSE: UST) to a BUY. UST Inc is a holding company not just for U.S. Smokeless Tobacco Company, which makes smokeless tobacco products (that's chaw to you and me) under the Copenhagen and Skoal brand names, but also for the wine brand, Ste. Michelle Wine Estates, that produces wine under the Chateau Ste. Michelle and Columbia Crest (contributing 15% of total sales).
Sold mainly in the U.S., this is an example of a company that some people don't necessarily feel comfortable supporting -- booze and chewing tobacco. But if this doesn't offend your sensibilities, the company presents a strong buy opportunity. As Goldman's report states, the market is overestimating the level of competition -- particularly from Marlboro --in smokeless tobacco, where UST makes the majority of its profit.
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