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Altria Group Inc. Message Board

  • eddielu16 eddielu16 Jun 26, 2009 7:41 PM Flag

    Sell MO when you can!

    Cigarettes are consumer products. Should not profit so well in an economy that's lacking the proper consumer consumption. Sell while you still can!
    http://www.wealthalchemist.com/Blog/2009/06/fortune-10-bestperforming-stocks-2009/

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    • randy54321@sbcglobal.net randy54321 Jun 26, 2009 10:42 PM Flag

      Only problem is the consumers are addicted to nicotine and nost cannot quit even if they try. They may do without food, but they will have their coffin nails. I say buy mo MO!

      • 1 Reply to randy54321
      • Before you hit the panic button, I will tell you that as an independent grocer sales of cancerettes have NOT gone down. True, people complain about the price and some are trading down to generics.

        My number one brand is Newport which is not an MO brand but they are going between $4.00 and $4.50 per pack! When I promote them they sell well as cartons.

        During economic down turns people tend to smoke and drink more and maybe beat their wives a little more. Smokers are addicted to the product and will continue to buy. Taxing these products anymore however will create a black market in states where the tax is highest. Bootlegging cigarettes is a profit center for organized crime in Canada.

        A concern is that the FDA can regulate flavoured cigarettes; this could put a real damper on cancerettes aimed at young females who pick up this filthy habit to maintain their figures.

        Anyway, I am long MO and am going to continue to buy more after the dividend is paid as I note a general decline in price after this occurs.

        The cash flow and earnings seem to indicate that the dividend can be maintained and a 7% yield is pretty good. I got taken on GE when they claimed they could maintain the divie and then it got cut....

        Good luck to all with your portfolio's.

 
MO
48.99-0.11(-0.22%)Jul 2 4:00 PMEDT