Almington
Blood Boiling with Rage and Hate
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...
If they had not spun off Kraft and Philip Morris International it would be a totally different issue, as things stand they have reduced the company down to just the US tobacco interests, which I don't consider as a very attractive investment. A nice dividend now, but terrible long term prospects.
Everything you have posted has made a tremendous amount of sense. I simply was demonstrating what MO has done for me over the past 20 years. I still hold some but not nearly what I have had in the past. I have some PM also. I am very nervous about this market and although considerably invested, I diversify into so many industries and instruments it is hard to even keep track some times. As they always say, past performance is in no way a guarantee of the future. I have had lots of successes (and a fairly large number of failures) over the years. MO has been one of my best long term holds.
If they had not spun off Kraft and Philip Morris International it would be a totally different issue, as things stand they have reduced the company down to just the US tobacco interests, which I don't consider as a very attractive investment. A nice dividend now, but terrible long term prospects.