Many investors are squeamish about investing in cigarette manufacturers, but popular income investor Neil Woodford has no such qualms. Here’s why Woodford is happy to have Imperial Tobacco (LSE: IMT) represent nearly a 7% slice of his portfolio.
Why Imperial Tobacco Group plc Is Neil Woodford’s Second Largest Holding
VIDEO: One Fool puts Imperial Tobacco Group plc (LON:IMT) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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