does anyone here remembers what happened to this company when it felt from the 80's to the teens back in april 08? or was it 09? It does not show a split just a huge drop?
they spun off Kraft and then they spun off Phillip Morris.
Add 80% of KFT & 100% of PM and you get $110.81 per share unsplit. Get with the program and stop bashing tobacco. Our Federal and State Governments receive 80%of the dollars collected from the sale of tobacco products thru taxes and surcharges.
my question was not stupid nor lazy, I was looking to add this company to my ira account and I could not find any information on it about the huge drop and since I do not follow this company I was asking about it, so FO moron.
" " Debbie, I apologize for blasting you and your question. Please forgive me. When it comes to MO, there are no stupid questions -- just stupid people.
In that spirit, when is the x-divvy date, what time is it, and who won the Lakers game last night?
(How'd I do, Bill?)"
Actually, considering your level of intelliegence, you did fine.
Consequently, I`m awarding you with a Big F-, at least for effort.
Suggestion: See a Shrink, and get that sarcastic attitude addressed, ok. If this is your daily routine, you are in deep dodo!
Debbie asked a genuine question, and you blasted her.
How do you know what her investment expertise are?
Now you make a personal apology to her in the next five minutes and then I`ll forgive you for being a Dumbass, ok.
I`m also in Brick...W. Princeton Ave.
Re: your question...
It was the result of the Kraft and Philip Morris International Spin off`s in 2007 and 2008......
Miller Brewing Company merges into South African Breweries to form SABMiller, the world’s second-largest beer company, with Philip Morris Cos. retaining a continuing interest in the enlarged group.
Philip Morris Cos. changes its name to Altria Group, Inc.
Altria completes the spin-off of all shares of Kraft Foods owned by Altria to Altria’s shareholders.
Altria acquires John Middleton, a leading manufacturer of large machine-made cigars, from privately held Bradford Holdings, Inc.
Altria completes the spin-off of 100 percent of the shares of Philip Morris International to Altria's shareholders.
Altria relocates its headquarters to Richmond, Va.
Altria acquires UST Inc., a holding company whose primary businesses manufacture and market moist smokeless tobacco products through U.S. Smokeless Tobacco Company and premium wines through Ste. Michelle Wine Estates.
Here is the link from the company`s web-site: