Tobacco Gets Smoked

  Market Scorecard It is no secret that 'Team Vestact' is not a fan of tobacco stocks. We even had a short on British American Tobacco for a while, let's just say that we got smoked. Our view has been that smoking is on the way out, and at some point, the strong cash flows … Continue reading Tobacco Gets Smoked

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Millions of Subscribers means Billions in Profits

  Market Scorecard With the US markets back in positive territory for the year, it seems that the market changed gear into 'risk on'. Volatility is dropping, bond prices are down, commodity prices are higher and ultimately stock prices are higher. Yesterday the JSE All-share closed up 1.56%, the Dow closed down 0.16%, the S&P … Continue reading Millions of Subscribers means Billions in Profits