10-11-2020, 11:14 AM
Well personally I believe anything cigarette related is just a bad investment. I've been saying this for years and also sold out of my cigarette stocks several years ago. I just view that cigarettes are on their way out. Yes MO is cheap but it is cheap for a reason.
I'd be careful with OMC here as a lot of companies have cut on advertising. There is a chance that less ad spending is a permanent trend instead of a quick cost saving measure in 2020. I've owned them before and might own them again at some point so nothing wrong with the company itself.
PFE is always good, just be sure you know the details around the spinoff that will happen soon.
Overall I think it's a pretty decent strategy to just keep adding to what you already own, especially if you see some good value in those shares.
I'd be careful with OMC here as a lot of companies have cut on advertising. There is a chance that less ad spending is a permanent trend instead of a quick cost saving measure in 2020. I've owned them before and might own them again at some point so nothing wrong with the company itself.
PFE is always good, just be sure you know the details around the spinoff that will happen soon.
Overall I think it's a pretty decent strategy to just keep adding to what you already own, especially if you see some good value in those shares.