Altria is about to release earnings. With 80% of profits going to dividends ponder the Bear Case Scenario.
North American markets are in a secular decline. The trend is irreversible. The most committed customers are dying.
Altria is heavily exposed to North American markets and is at risk for higher taxes at all levels of government.
Altria is also viewed with great hostility by health regulators and the medical field. They will always be looking to restrict and curtail.
George Gutowski writes from a caveat emptor perspective.