Nov 30, 2011
The best stock to invest in during recession
Altira has excellent cash flow, and is the ultimate recession proof stock. During a recession, I am looking for a company that is going to maintain if not grow its earnings and provide a nice dividend. Altria does that. At its current price it has an over 8% yield, putting a good amount of cash into your pocket ever quarter. I say Altria is a recession proof stock because their business, cigarettes and beer, is one thing Americans won’t cut down on when they are trying to cutback spending. If anything, people will become stressed out and smoke more. SABMiller has many cheap beers that are still selling in a tough economic time. People won’t cut back on beer, they might cut back on expensive beer and buy cheaper ones, which SABMiller offers.
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