09-26-2019, 11:24 AM
(09-26-2019, 09:27 AM)kblake Wrote: In regards to MO
They invested in JUUL which isn't even FDA approved. Right there is a red flag. I wont touch this stock.
At least with PM they have a product in place called IQOS. This has big potential now that JUUL will most likely be banned unless used as a prescription. .
MO has nothing left. Slowing cigarette sales and a bad investment in JUUL and CRON as a wait and see. The dividend could be cut as well. I see another KHC on our hands.
Timing of acquisitions was definitely off in retrospect, but the books say this isn't anything like KHC incompetency. Nowhere near that yet IMO.