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Dr. Price writes about stocks, options and the market every weekday on Real Money Pro, a subscription site Paul has been a speaker at the International Traders Expo in New York City and the Options and Forex Expo in Las Vegas. He also gives investment seminars for subscribers... More
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  • Zacks Bear of the Day - Altria Group (MO) 0 comments
    Jul 29, 2009 7:51 AM | about stocks: MO
    Zacks turns negative on Altria...
    July 29, 2009

    Altria Group (MO - Analyst Report) is the leading domestic tobacco company, which generates significant cash flow and the stock has a high dividend yield. In an effort to expand into adjacent categories, Altria acquired UST, the world's leading moist smokeless tobacco manufacturer.

    However, the company is engaged in numerous tobacco liability suits. Several large punitive damage awards have been upheld, most recently the $79.5 million judgment in the Williams case in 2009.

    In addition, the 150+% federal excise tax increase should dramatically reduce cigarette volume. A Sell rating is recommended.
    Stocks: MO
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