UVV - Universal Corp.'s Buyback Program Is A Decent Short-Term Booster But Shares Should Still Be Avoided
- While Universal's new buyback program is a decent painkiller, the company has been suffering from declining financials for years.
- Revenues have been declining for years, the dividend starts to feel unsustainable, and Universal is raising debt consistently to fund its capital returns and growth.
- Overall, Universal is not worth holding. Those seeking exposure in the industry should be better off invested in the tobacco majors who offer much more attractive financials and prospects.
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Universal Corp.'s Buyback Program Is A Decent Short-Term Booster, But Shares Should Still Be Avoided