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A man holds a cigarette.
A man holds a cigarette.
(KHAM/REUTERS)

Tobacco stocks: If you choose to invest, now is the time

It’s time to pick up smoking again. Relax, I’m talking about tobacco stocks here: They’re getting walloped, and that has tended to mark the best time to invest in these dividend-gushing pariahs.

Key North American names such as Lorillard Inc., Reynolds American Inc. and Altria Group Inc. have fallen about 10 per cent since mid-November, far outpacing the decline of the broader market.