For most shares in the FTSE 100, 2013 was a good year and investors have likely enjoyed capital gains and rising dividend income.
That makes me nervous about investing for 2014 and beyond, and I’m going to work hard to adhere to the first tenet of money management: preserve capital.
To help me avoid losses while pursuing gains, I’m examining companies from three important angles:
Prospects; Risks; Valuation.
Today, I’m looking at cigarette and tobacco producer Imperial Tobacco Group (LSE: IMT) (NASDAQOTH: ITYBY.US).
With the shares at 2,304p, Imperial Tobacco’s market cap. is £22,329 million.
This table summarises…