Quote:
Originally Posted by Vegas69
I completely agree and almost wrote something similar. It's their life and choice. I'm certainly not fanning the flames, you taking advantage of an opportunity. I did read that the number of smokers are diminishing some, that was also a factor.
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I had the same concern you did, why invest in something that people are aware of the cancer risks and less people are smoking and more are quiting.
Full disclosure: I did learn about MO through this thread and Greg bringing it up a few times. He always mentioned it as a tobacco company.
So I did some research.
www.altria.com I looked around hit the ABOUT tab.
hit the investor tab. They own smokless tobacco companies, Cigar company, and they own Wineries that I have spent thousands of dollars with (Robyn is a wino).
The wineries really made it that more attractive for me. They also have a ventures side of the company that looks to buy other companies. In the future it could aquire some e-cigarettes, or more booze. So I bought some.
I do recommend researching the company as much as you can and make a somewhat educated purchase, no one can predict what will happen in the future but if you do some homework upfront it may pay you back in the future.