Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

There's 1 Stock I Wouldn't Touch With a 10-Foot Pole. Here's Why.

TheMotleyFool

0 0

There's 1 Stock I Wouldn't Touch With a 10-Foot Pole. Here's Why.: https://g.foolcdn.com/editorial/images/770670/24_01_24-a-person-upset-with-a-computer-screen-showing-a-falling-stock-graph-_mf-dload-gettyimages-1369513230-1201x782-76865a4.jpg

I have two big problems with Altria (NYSE: MO). Even with those concerns, I was actually a little excited when the company announced that it was selling some of its holdings in Anheuser-Busch InBev (NYSE: BUD). And then Altria management blew a hole in what I thought should have been the next step (investing in the business) by announcing that it was going to buy back billions of dollars of its own stock.

Altria just proved again why it's not a stock that most investors should own. Here's why.

Image source: Getty Images.

Source Fool.com

Like: 0

Share