While the price-to-earnings ratios on Wall Street are starting to get a bit ridiculous, high-dividend stocks have yet to lose their luster. Institutional investors, empowered by record low cost of borrowing, are snapping up every company imaginable. As long as PEs stay under 25, then the cost of carry is afforded by corporate earnings.
My timing was off a bit with this stock, which I can surely acknowledge. However this is one company I think everyone needs to add to their portfolio, especially at this price. The fundamentals, and technicals, are right in line. Read more…
It has been just over a year since Altria spun off its Philip Morris International business to form a new company under the ticker PM. Since the spin off Philip Morris has sunk down to $40 per share off from an IPO price of $50 per share. It shouldn’t be long before this stock comes back and comes back big. Here is my analysis: Read more…
