Could Buying Altria Stock Today Set You Up for Life?

Despite its social stigma and terrible health consequences, tobacco is arguably the most lucrative business the world has ever seen. The U.S. Surgeon General first warned the American public about the dangers of smoking on Jan. 11, 1964. Since then, smoking prevalence in the United States has steadily declined.Yet, Altria Group (NYSE: MO), which sells the leading cigarette brand (Marlboro) in the United States, has turned a one-time $100 investment made in 1972 into more than $4.8 million today.The company has changed over the years, including spinning off its international operations as Philip Morris International in 2008. Still, Altria's strategy of steadily raising prices on its addictive core product has kept the company and stock very relevant.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool