Altria’s Q1: Is the Tobacco Giant All Smoke and No Flame?
Tobacco giant Altria(NYSE:MO) has managed to attract investors to its stock despite a great many challenges. After all, the one-two punch of consumers seeking healthier lifestyles and sharpened anti-tobacco laws makes for a difficult business environment.
Yet the company continues to be very profitable, as shown in its first-quarter results, with its stock price generally cruising higher since those figures were released at the end of April. Let’s pick the latest report apart and gauge whether the…
