Is this the most hated stock on earth?
Philip Morris International is up 105% in the past three years -- and it has plenty of room to keep going.
Having owned PM since it's inception...Altria spinoff.
We have only added shares, and sometimes invested dividends in other equities.
Having sold at highs once or twice...Only to buy back on a correction or dip.
Love a stock or hate a Company, is NOT what you make decisions on, while investing your hard earned money.
We don't invest in Stocks or Companies for Morality...
But we do make investments based on a "return."
And we sleep very well at night...
I think it is very hard to find companies or funds that are "guilt free" so to speak...
If you talking about a religious based fund, I find that quite laughable and believe many or the "morals" are based on hypocrisy...And/or WWJD.....??
Many of us have paid around or less then $40-45 a share for PM...
And several realized Phillip Morris in a spin-off from Altria....
Taking all of that into consideration along with the 4-5% dividend...I'll let you DO THE MATH...!!
We ALSO invest in those 8%, 10% and 15% Equities or Stocks....
The "majority" of them have not even come close to "outperforming" PM...I'll let you do the MATH.!!
Yes, it does pay to diversify....IMO.
I don't hate PM, but I also don't (won't) buy it. Why would I want to own a stock that pays a dividend of $3.86 at a price of over $85.00 per share? That is a yield of only about 4.5%!
Some of you might say, "GROWTH". I say," BAH" to growth. A stock paying about 10% in dividends pays me much more in current dividends and, with DRIP, probably pays better in the long run. And, I don't have to sell any part of my holding in it to get that 10%. I just sit back and let the dividends roll in!
Hmmm.....making money (if you can call it that) on a product known to kill people by a slow agonizing death taking years. Glad I won't have to give an account of that someday. Oh well....gotta die of something.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
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