Philip Morris International, Inc. Message Board

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  • axpkocop axpkocop • Jun 9, 2010 10:07 AM Flag

    SHEEP YOUR KING

    LO traded under 71 the other day which was your stated buy price for it. Did you buy it or were there better buys out there. I noticed you bought more MO under 20.

    I'm short some MO 19 puts as well as LO 75 and 70 puts. I'll be adding more PM soon because I'm short the June 46 puts. My option adjusted cost in PM will be about 44.5 and I'll be eligible for the dividend the following week. Not a bad investment for my IRA.

    Think of all the shares these three companies are able to buy back as their stock price falls.

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    • sundancekkid sundancekkid • Jun 9, 2010 3:24 PM Flag

      No I did not buy lo at 71. Instead i bought almost 800K of mo under 20. I will us my 57k in mo dividends to add to other stocks in a tax deferred account. Like Buffett does. Like you I like that mo has the beer wine etc. With lo I worry about the menthol ruling down the road.






      The Kid

 
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