Shares of MO have been under tremendous pressure since the FDA mentioned banning methol cigs/e-flavors, but don't let that fool you. This cash cow has plenty of firepower to withstand this minor hiccup and as shown on the chart, has fallen exactly to trend line support going back to 1969 (almost 50 years). This is a screaming buy!
I'm already long shares, selling covered calls against to boost income. I'm adding aggressively on this decline. I'd do the same if I were you!
I'm already long shares, selling covered calls against to boost income. I'm adding aggressively on this decline. I'd do the same if I were you!