We still believe shares of the no-moat firm offer a significant margin of safety.
We view shares of the wide-moat firm as attractive.
We like what we're seeing from the wide-moat firm but think it's overvalued.
Tobacco stocks present an underappreciated opportunity.
Brexit uncertainty, trade tension, and political unrest have pressured consumer cyclical stocks.
Despite the dividend cut, profit contraction, and SEC investigation, we think shares are undervalued.