Monday, October 17, 2005

Altria (NYSE: MO) Trading Higher on Court Ruling

Altria (MO) is trading higher today when the US Supreme Court rejected a $280 billion penalty against tobacco makers. The stock is up over 6% and is near all-time highs. Altria is the best performing stock of all-time with dividends re-invested. If Altria can avoid big lawsuits, it will be able to break up the company which is valued at $105-$110 per share. I was about to buy some Altria last week when the stock fell under $70. I obviously was not quick enough.

Note: I am long Altria (MO)


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