06-07-2014, 04:41 PM
True indeed -- you don't have to convince me, BHN!
10 percent of my entire DG portfolio is in MO, at an average price of about $16.10 per share, and I wish I had bought a whole lot more. That "best performing stock of the century" statistic has been around for years, and it is tempting to think that the run must end sometime soon, but as you point out, it just keeps chugging along -- big yield, big cash flow, earnings growth, dividend growth.
With their venture into SABMiller, the rise of e-cigs, and marijuana legalization out there on the horizon, MO could dominate the next century as well.
It is hard for me to buy more in the $40s with such a low price per share, and I arguably am already very over-exposed, but this is one of the first 5 stocks I'd recommend for someone building a new portfolio.
10 percent of my entire DG portfolio is in MO, at an average price of about $16.10 per share, and I wish I had bought a whole lot more. That "best performing stock of the century" statistic has been around for years, and it is tempting to think that the run must end sometime soon, but as you point out, it just keeps chugging along -- big yield, big cash flow, earnings growth, dividend growth.
With their venture into SABMiller, the rise of e-cigs, and marijuana legalization out there on the horizon, MO could dominate the next century as well.
It is hard for me to buy more in the $40s with such a low price per share, and I arguably am already very over-exposed, but this is one of the first 5 stocks I'd recommend for someone building a new portfolio.