Reynolds breaking out: Quadruple Top Breakout today; Price target of $82. Adding to current positions. Notes from 11/7/07 when the topic of recession came up:
"Defensive: Tobacco: RAI vaulted during 2000-2001 when the rest of the market was tanking. RAI then proceded to tank during '02-'03. Market share of around 30%, cash flow machine!"
Rich PEG but healthy [pun intended] dividend yielding 4.6%
I looked at BUD that same day and added some shortly thereafter at $50.61
Current position of RAI bought at 63.01
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