MO at an Inflection PointDisclosure - I am a buyer, and I am holding LONG LONG LONG. I've been accumulating since the low-mid 40s and I just bought another traunch today.
8% Yield is unheard of for this stalwart. People call it a reg flag; that the high yield SCREAMS sell sell sell...
Only suckers are selling here; don't be fooled. Buy and hold this for 10 years and you'll find returns you won't get from the S^P500.
Vaping, Smoking, Tobacco... Not going away anytime soon.
Chart shows we are at YUGE historic support. 40/41 is going to have to hold because if not, its going to 37 then possibly to 32/33. I doubt this falls that low, but if it does, I'll continue to buy the entire way down and collect my yield.
People say "What good is 8% yield when your stock drops 30%?"
Welll... I'll tell you... because you get to collect 8% on a dividend that has ample cash flow and solid earnings... If it goes down, you still collect a return (having your money work for you), and the market noise can't keep this proven company down forever. Buy and hold, go long, and don't look back. Your portfolio will thank you for having this as one of the foundation pillars.
