ShipItRob: I got Altria (MO) @ $23/share .. It's now in the $60+ .. Should I buy more? With marijuana on the brink of legalizing, I'm thinking the stock will jump even higher. Thoughts?
I didn't even know who that company was until I searched them. Turns out I know a lot of their products. You must have been holding these shares for a while if you got in at $20!
I've just had a quick look at their financial statement for 2015. First thing I've noticed, for the last 8 years they have been increasing their dividend payments, which is a good sign. Slightly increasing revenue and profits (not including 2016). The financial statment is 116 pages long so I'm not going to read it all
Here is their cash position at a glance:
What makes you think they will be going into the marijuana business? Has it been mentioned before?