I took the capital I had trading stocks, devoted it to another venture, and quit tracking the market. My close friend is asking me to give my opinion on Altria, but I have not paid attention to the market in months.
I need the forum to opine on MO for me... thank you
To remove first post, remove entire topic.
I took the capital I had trading stocks, devoted it to another venture, and quit tracking the market. My close friend is asking me to give my opinion on Altria, but I have not paid attention to the market in months.
I need the forum to opine on MO for me... thank you
MO is one of my biggest positions in my portfolio. I did buy it at $35 in late 2003. One of the highest paying yields on the DJIA and trades at a multiple of 12.50, should trade around 16-18 times. Many lawsuits against MO, however, the suits are factored into the price of the stock. Once they settle out of court this stock will go up.
I'd buy this stock as part of a larger portfolio, it has a negative correlation to most stocks so it's a great safety net play.
Nutshell - I agree with Koaj
MO is one of my biggest positions in my portfolio. I did buy it at $35 in late 2003. One of the highest paying yields on the DJIA and trades at a multiple of 12.50, should trade around 16-18 times. Many lawsuits against MO, however, the suits are factored into the price of the stock. Once they settle out of court this stock will go up.
I'd buy this stock as part of a larger portfolio, it has a negative correlation to most stocks so it's a great safety net play.
stock traded in the high 20's low to mid 30s in 1996 .
Also, they cut some of the fat off which dropped the stock like 15
points or so losing investors 0 money. It's a monster stock if
you factor in the divedend.
stock traded in the high 20's low to mid 30s in 1996 .
Also, they cut some of the fat off which dropped the stock like 15
points or so losing investors 0 money. It's a monster stock if
you factor in the divedend.
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