BUDFF - Andvari Associates - Altria Group: Smoke Signals

2024-04-14 09:00:00 ET

Summary

• Another of Andvari's high-yielding security holdings is the stock of Altria Group.
• Altria's  profitability is extraordinary, and the business requires minimal capital expenditures.
• Andvari likes MO for its high margins, low capex requirements, and predictable revenues.

The following segment was excerpted from this fund letter.

Altria Group ( MO ).

An example of a high-yielding security is the stock of Altria Group ( MO ). Before we get into the details of why we started a position in Altria, a brief history is in order....

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