Altria: A Massively Undervalued Dividend Champion

krblokhin Investment thesis My previous bullish thesis about Altria (NYSE:MO) aged extremely well as the stock delivered a total 16% return since May, compared to +2% demonstrated by the S&P 500 (SPX). Today I want to refresh my thesis as lots of development occurred, and I must share my insights about them. The company's performance is moving in line with the management's strategic initiatives, and the valuation is still very attractive. All in all, I reiterate my "Strong Buy" rating for MO. Recent dev ...