Great WSJ Article on Philip Morris International Spin-Off
The Wall Street Journal published an outstanding article on the planned Altria spin-off Philip Morris International this morning. I have become completely infatuated with spin-offs of large, international companies lately. This is one of the largest positions in my portfolio, so I am obviously very interested in any news that I can get on it. My pick of MO in CAPS has worked out pretty well so far. It has yielded 22.47 points since I picked it in October. Of course, this represents only an 8% gain added to a terrible 13% loss in the S&P 500. Altria is expected to announce additional details of the transaction in its quarterly conference call tomorrow.