Great job! Due diligence and common sense pays off!Update on my Altria position.......
Friday's close has me up 20% since my purchase in September. The media coverage has moved on to other topics and the vaping deaths are now being blamed on THC oil infused vaping pods. No one is pointing the finger at Juul or Altria anymore. Investors that panicked are slowly returning.
It's tough to justify putting money into Wall Street when the market is hitting new highs. However even as the market is setting new highs, there is always a stock that is having a bad day. Those are the ones I like to look at. Why is it crashing? Is the sell-off justified or an over reaction? Is there opportunity to make money from someone else's panic? These are the things that I consider.
P.S.........Altria is also scheduled to declare a dividend on Wednesday.