Altria Group, Inc. (NYSE:MO)
CAPS Rating:
The parent company of Philip Morris USA, Altria controls much of the U.S. tobacco market with Marlboro, Parliament, and other brands.
The parent company of Philip Morris USA, Altria controls much of the U.S. tobacco market with Marlboro, Parliament, and other brands.
Recs
The stock market as I see it is effected quit a bit by emotion and consensus. The market now has many afraid. They want something stable. Hence; strong companies with dividends. It was passe a few years back, but is making a comeback. The yield on this company is almost 7%. The tobacco sector has been up 0.36% the last month. The downside is; Tobacco is no longer king. There are still court cases pending. Federal and State Gov't. issues,etc.I have just bought shares in MO and will watch. I expect short time returns,smokeless tobacco will help. Financials are strong and dividends good. sales are dropping though. But in the long run? Shaky..