2024-05-05 13:40:27 ET
Summary
- Altria's stock delivered a total 7.5% total return since November 2023 when my initial bullish thesis was published.
- The company's profitability and cash flow are rock-solid which helps in improving Altria's balance sheet.
- Altria's shift from traditional cigarettes to new products is developing successfully as the footprint of its e-vapor and nicotine pouch products is expanding rapidly.
- My valuation analysis suggests that the stock is massively undervalued.
Investment thesis
Read the full article on Seeking Alpha
For further details see:
Altria: Successfully Navigating Secular Shifts