Buy Altria Stock? There Are 1.69 Billion Reasons to Worry.
Altria Group (NYSE: MO) is the largest cigarette maker in North America. It owns the region's leading brand in Marlboro. But neither of these facts have saved the company from the effect of people moving away from smoking cigarettes.And yet Altria's earnings and dividend keep rising despite a clearly negative industry trend in cigarette volumes. Here's the problem, what Altria is doing about it, and why investors should be worried.Image source: Getty Images.Continue reading
Altria Group (NYSE: MO) is the largest cigarette maker in North America. It owns the region's leading brand in Marlboro. But neither of these facts have saved the company from the effect of people moving away from smoking cigarettes.
And yet Altria's earnings and dividend keep rising despite a clearly negative industry trend in cigarette volumes. Here's the problem, what Altria is doing about it, and why investors should be worried.
Image source: Getty Images.
