We are focused on the preferred shares of this near perfect investment whose chart we have framed below A beautiful setup here on the HSBC preferreds a $25 par value with a current yield of 9 11 and a whole lot of capital upside as the market moves north The Residual Income Report
Cigarettes the Company ~ceived for the year 1951 ~6 250 067 for manu acturlng storing and shipping In I932 certain real and personal property plants cigar 8
to purchase from the Company as therein set forth $50 000 000 principal amount of Twenty five Year e~ Debenture due February 1 1977 of the Company herein called the Debentures ih8
prior to mctet~r~ l el~he~ ~h ror~It the operatb~n of a e~l~a~ive an~ua~ sink~E fu~td he~n~ ~ 1958 payable ~ eas~ or Debetrt~re or ~hro~tr voluntary re~D e r~ent~ 6
~ ttthjeet to fluctuations in price Flue cured tobacco is grow~ mostly in Virginia North and South C arollna and Geo~ia and hurley tobacco is grown mostly fo Kentucky and Tennes~a ¢ 9