No. of Recommendations: 0
http://www.fmsbonds.com/News/bond_article.asp?id=415

Their suggestion is that since these bonds...I think most of the are zero-coupon.... have gotten a recent boost in price as people search for yield, now might be a good time to cash them in. The article states that tobacco use in the US is decreasing, reducing the chance of future revenues to the states. (Maybe I'm spending too much time in the wrong places with the wrong people...I still see plenty of people smoking/chewing).

I have a few CA ones that I bought for speculation a few years ago, I think they are up about 40% now.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement