What I Am Buying Today.

[Kerim]

(05-05-2022, 10:14 AM)Mr1share Wrote:

(05-05-2022, 09:47 AM)stockguru Wrote:

(05-05-2022, 09:24 AM)fenders53 Wrote:

(05-05-2022, 08:08 AM)stockguru Wrote: So I know many of you don’t like owning MO. But it just hit a 52 week high. Forward PE is 11 and pays a yield of 6.49%. I don’t smoke or like what they stand for, but I’m im making money, so I can look past all of this lol. It’s been one of the best performers in 2022. What’s not to like. All those that sold at 45-50 are kicking themselves

I don't judge others.  My wife smokes like a chimney.  I made money on MO but left around 50 because I don't want to deal with the regulatory drama.  Not to mention their horrible M&A for awhile.  I don't miss it because the same money could be found easy enough after the market corrected.  I might buy MO again when it gets hammered, and it will.

ha you and your crystal ball ; You have no idea what it will do so don’t make predictions lol

Haha good one. Fenders and his crystal ball. No on knows what MO or any stock will do. MO is a very good company and will do great in times like this. Fenders missed the run and is now talking it down to buy cheaper. Sounds like another Cramer 

MO was my first stock ever and a central pillar of my portfolio since I started it. But as I said in a separate thread a bit ago, I'm more worried about it now that I've ever been. Cash flow seems fine, but they've been underwater on EPS vs dividend for several years now as they work off the Juul debacle. I haven't sold any, but these recent prices have tempted me to sell a few calls against some of my shares. I haven't done it yet, and I'm hoping the financials will improve in coming quarters, but I'm keeping a close eye on it.