ShipItRob: I got Altria (MO) @ $23/share .. It's now in the $60+ .. Should I buy more? With marijuana on the brink of legalizing, I'm thinking the stock will jump even higher. Thoughts?
I didn't even know who that company was until I searched them. Turns out I know a lot of their products. You must have been holding these shares for a while if you got in at $20!
I've just had a quick look at their financial statement for 2015. First thing I've noticed, for the last 8 years they have been increasing their dividend payments, which is a good sign. Slightly increasing revenue and profits (not including 2016). The financial statment is 116 pages long so I'm not going to read it all
![Cheeky Cheeky](/img/emoticons/tongueout-skype-smiley.gif)
Here is their cash position at a glance:
![Attached Image](https://d1nz104zbf64va.cloudfront.net/pv/f/o/33dc7087f3e4d3ae0b8237909fcf4aa4.png)
What makes you think they will be going into the marijuana business? Has it been mentioned before?