Where Will Altria Stock Be in 5 Years?
Altria Group (NYSE: MO) stock has struggled the match the market's meteoric rise. Over the past five years, the S&P 500 has roughly doubled in value. Altria stock, meanwhile, is up by only 40% over that time period.
But don't think this tobacco company is destined to lag the market. In fact, over the next five years, there's a chance Altria could become a safe haven for your portfolio.
As a tobacco company, Altria is facing the same challenges as the rest of its industry. The core issue is falling volumes for combustibles like cigarettes. According to data compiled by Statista, the volume of cigarette sales in the U.S. has been declining nearly every year since 1980. Back then, around 600 billion cigarettes were sold in the U.S. every year. Today, it's under 175 billion.
Source Fool.com
