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In the 700 plus days since I last wrote my cautiously bullish piece about Universal Corp. (UVV), investors have suffered a 31.5% loss, against a gain of 14.4% for the S&P 500. I was initially cautious, based on the valuation, and deployed only about one third of the capital I normally would. This has mitigated the loss somewhat, obviously. Now that the shares are about $26 cheaper and the company has posted more financial results, it’s time to look in on the name again. After all, a stock trading at $41 is far