Fed expected to raise rates as bond proxy type stocks (like PM) retreat; temporary not to worry and get your panties in a bunch....lol
i think it is time for an uptick in this stock.
Is anybody else going broke with this stock.
Can anyone explain why when the dividend is raised investors start selling off the stock? PM has been pretty much dumping since 9/7
This sector is getting crushed. I am holding onto my pm shares and I will be looking to add to them when they stop going down
Do you think this thing is done selling? Showing us a buy signal now on PM? Not sure how Awe.Some.Sto-ck.s finds all these incredible trade ideas but im happy.
Talk about stepping on your own #$%$, one billion for anti smoking
Where the hell is KLONG?
What's the deal with this thing?
And down she goes again along with MO. As soon as they mention a rate hike. Got to love Wall Street. Looks like $110 soon
The dumping just won't stop.
Dividend raised 2.9% to 1.07. More than I thought.
PM raises div to $1.07.
Just like mo/khc/mdlz this stock sucks also!
dividend raise probably midweek.
There's a lot of manipulation today in the option pricing.
With MO down to $62 per share, the time for PM to make a play on Altria is now. They could offer .75 shares of PM for each share of MO. That would value MO at $89 per share; a 40% premium of where it's trading now. PM Management, now is your chance.
Robert was referring to this statement from Barron's, Price target $134 - $135:
We consider PMI's strong underlying core earnings growth attractive and are more bullish on its potential for incremental earnings from its iQOS reduced risk platform after our recent iQOS channel checks in Europe. We believe PMI's near term focus is on spending to build consumer awareness and drive trial, which appears to be working: it added 8,000 new iQOS users per day in July, over twice the estimated January pace. We continue to believe our EPS estimates are likely conservative, with potential upside driven by further gains from iQOS. We raise our 2017E EPS from $4.90 to $4.93 (on currency ) and our 2018E EPS from $5.70 to $5.76 (on currency) and raise our target price from $134 to $135.
Barrons article yesterday raises PM earnings for the year to $4.90-4.93 easily allowing a dividend raise shortly.
Draghi's recent statement on currencies have driven Euro to all time highs which should have a positive effect on PM earnings.
This can be topped off with a 5 to 6 cent increase in PM's dividend.