Is It Too Late to Buy Altria Group Stock?
Tortoise-like tobacco giant Altria Group (NYSE: MO) has been uncharacteristically hot this year. Shares are up over 15% in 2024, an uncommon surge given the stock's poor share price performance over the past five years.
The reason for the stock's run? It could be that Altria put its disastrous Juul investment in the rearview mirror, giving investors a chance to focus on what's still a very resilient core business that revolves around its blue chip smokeable brand, Marlboro.
Nobody will mistake Altria for a high-growth company, meaning investors should be cautious. A slow-growth stock can quickly become expensive when shares start logging double-digit gains.
Source Fool.com
