Stuart J. Shaw

Why I Own Altria

Thank you for your comment andyn. I also own PMI, and I'm staying with it. PMI has the fundamentals that I look for in a company. Briefly:
(1) Leading position in its markets, with attractive growth opportunities in essentially untapped markets such as China and India.
(2) Strong cash flow estimated to total $22 billion over the next 3 years.
(3) $13 billion share repurchase program to be completed over the next 2 years.
(4) Long-term earnings growth of 10%-12%, which I think makes a 16.6x P/E and 3.5% yield attractive.