Altria's Stock Is Rising Despite the Business's Woes: The Wall Street Paradox.
AltriaAltria(US:MO) The Motley Fool·2024-10-04 10:05

Altria's cigarette business is suffering huge volume declines, yet investors continue to push the stock higher.Altria (MO -1.21%) is basically a one-trick pony when it comes to what it sells. Combustible tobacco products -- largely cigarettes -- make up roughly 88% of its top line. This had long been viewed as a problem by investors, but recently, some small positives have left investors willing to overlook the very real problems Altria continues to face.Altria's biggest problem hasn't changedCigarette sale ...

Altria's Stock Is Rising Despite the Business's Woes: The Wall Street Paradox. - Reportify