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.
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The parent company of Philip Morris USA, Altria controls much of the U.S. tobacco market with Marlboro, Parliament, and other brands.
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Higher taxes on tobacco products and declining number of smokers will increase the cost of tobacco products. Combined with legal limits on places to smoke will increase Altria's revenue stream. As long as the company stays in the legal clear I see strong growth for this segment as a whole.