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BTI down over 4.7% as well. Dividend now at 7.47%
These in my mind are all good long term plays. These companies know cigarettes are thing of the past so they will look to acquire more innovative companies and CBD. Vape is the future and everyone is doing it these days. “vape pens,” and “electronic nicotine its the way of the future. Every time I'm at a concert I see it. I never smoked a day in my life until a few months ago. I needed CBD for health reasons. Now I use a pen and cbd oil. Its pretty addicting but it works lol
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Added MO as well today at ~$45
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Added more MO. Got to say with all these add to MO the last few days it really bumped up my monthly income lol
I sold at $52 and bought 3 times after with an average price of $45.10. Its now in my top 5 holdings.
BTW FDX looks interesting here
crimsonghost747
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While I do not see the smoking business as an attractive investment long term (and I've been saying this for years), I think it's about time that instead of having a nap I open up MO's recent reports and take a look. If they have any chance of keeping that dividend growing, then it's starting to look like it might have a spot in my portfolio.
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08-29-2019, 02:48 PM
(This post was last modified: 08-29-2019, 02:49 PM by stockguru.)
MO consistently raises there dividend. You have to buy the good ones when there down.
100 shares of MO will get you $6720 in 20 years just in dividends. That’s not even taking in account dividend raises.
I don’t need no research for that lol
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Added a bit of more MO today
crimsonghost747
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(08-29-2019, 02:48 PM)stockguru Wrote: MO consistently raises there dividend. You have to buy the good ones when there down.
100 shares of MO will get you $6720 in 20 years just in dividends. That’s not even taking in account dividend raises.
I don’t need no research for that lol
Just because they have done it for the past 20 years (or 50, or whatever) doesn't mean they can do it for the next 20 or 50 years.
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If they got into cannibis and cracked vaoing, they might.
Cannibis is going to get bigger than u think.
crimsonghost747
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(08-29-2019, 11:39 PM)vbin Wrote: If they got into cannibis and cracked vaoing, they might.
If and might are the key words there.
But the valuation is definitely getting interesting, I might have a deeper look at it during the weekend.
