It is well-known on Wall Street that 'sin stocks' tend to outperform over significant periods - a reality borne out by evidence from a study performed by two economists in 2009. The reasons are not exactly clear. Some analysts point to social taboos against sin stock investing and risk premiums from lawsuits and regulatory scrutiny. Others cite the fact that businesses engaged in vice are simply more profitable.
Even in today's bull market, a number of these sin stocks are trading at the lowest prices seen in years. Others continue to advance while flying