Altria Group's Q3 Earnings: A Surprising Shift in My Portfolio
Altria's Q3 earnings report disappointed investors, causing the stock price to fall over 7% and hit a new 52-week low. The company missed on both earnings per share and revenue, and narrowed its full-year guidance. Despite the negative sentiment, the author sees an opportunity to buy more shares and collect the company's large dividends. They highlight the growth potential of the recent NJOY acquisition and the positive performance of the oral tobacco segment. However, risks such as declining cigarette volumes, illegal flavored e-vapor products, and stricter regulations should be considered. The author remains optimistic about Altria's long-term prospects and views the current price decline as a buying opportunity.