Philip Morris: Four Plusses, Two Minuses, One Conclusion

Summary

  • One of my greatest investment regrets remains the time I sold all my Altria shares in 2003 after making a profit of only 150%.
  • Years after Altria spun off its ex-US business as Philip Morris, I continued to watch it, and started buying back in when the yield rose above 6%.
  • Now that the dividend yield has fallen back down to around 5%, I wanted to re-evaluate the plusses vs. minuses to decide whether to buy more, hold on, or sell.
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I briefly mentioned in an earlier article reflecting on what I thought about stocks back in my 20s, that I first started buying in 1999 shares of what was then known as Philip Morris, just as

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This article was written by

5.9K Followers

Tariq Dennison, runs an RIA focused on international clients and portfolios, applying his on-the-ground experience as an expat investing in diverse foreign markets. Tariq is the author of the books "Invest Outside the Box" and "10 Ways To Invest." He lives in Switzerland, and has worked in Finland, Canada, the UK, Hong Kong, and Singapore.

Tariq is the leader of the investing group

The Expat Portfolio

where he helps members invest internationally with greater clarity and confidence. Features of the service include: Frequent, short, and focused analysis, access to his watchlist and dashboard, guides to specific foreign markets, and direct access to Tariq and his community in chat for discussion and questions.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of PM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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