{"id":2904,"date":"2019-09-26T14:04:21","date_gmt":"2019-09-26T14:04:21","guid":{"rendered":"https:\/\/ogorek.com\/?p=2904"},"modified":"2020-08-25T15:48:35","modified_gmt":"2020-08-25T15:48:35","slug":"altria-shows-there-is-no-safe-stock","status":"publish","type":"post","link":"https:\/\/ogorek.com\/2019\/09\/26\/altria-shows-there-is-no-safe-stock\/","title":{"rendered":"Altria Shows there is no \u201cSafe\u201d Stock"},"content":{"rendered":"
<\/div>

Many investors felt that Altria (formerly known as Philip Morris) was as safe an investment in the stock market as possible. The company\u2019s customers are literally addicted to its product (nicotine) and the company offered a very high dividend yield.<\/p>\n

However, Altria is down almost 30% over the last year. What happened? While the company\u2019s sales remain steady, the firm\u2019s $13B investment in e-cigarette maker Juul now appears to be one of the worst deals in history. \u201cVaping\u201d has been tied to a rash of illnesses and deaths in recent months, and the market is likely to shrink significantly after regulators make many of the firm\u2019s products illegal. Altria is a perfect example of why investors need to diversify: the idiosyncratic risks of individual companies are almost impossible to identify ahead of time but can have devastating results.<\/p>\n\"\"\n","protected":false},"excerpt":{"rendered":"

Many investors felt that Altria (formerly known as Philip Morris) was as safe an investment in the stock market as possible. The company\u2019s customers are literally addicted to its product (nicotine) and the company offered a very high dividend yield.<\/p>\n","protected":false},"author":9,"featured_media":2912,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,14],"tags":[],"acf":[],"yoast_head":"\nAltria Shows there is no \u201cSafe\u201d Stock - Ogorek Wealth Management, LLC<\/title>\n<meta name=\"description\" content=\"Altria is a perfect example of why investors need to diversify. It is down almost 30% over the last year. 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