MO money 4 me

[ub3rn00ber]

In other news ALTRIA is haveing a nice bump - i got in at 76 even. Nice easy money there. I was gona hold long but now im reconsidering, if it goes up to much more i might take some profits. Thoughs? I had planned on holding long.

[Will]

that's only about 2% so far, with trading fees factored in you might not be making all that much.

[ub3rn00ber]

that's only about 2% so far, with trading fees factored in you might not be making all that much.

Ya but im only going to sell if it goes up over +2.5 today, 230$ isnt much but it adds up (says my broke ass)

[metalheadrr3]

It'd probably be best to hang on for a while. Look at the uptrend this stock has been in. You can make much more than $2.50

[ub3rn00ber]

even if i dont (make $), the original plan was for my retirement portfoilo.

[blackflair]

Everyone knows people around the world can't stop smoking. Even if the court ruling costs MO a lot of money well...no settlement would really seem like all that much to MO and it's big cash machine. I still say it goes north of 90 within the next 3-6 months. You'd be missing out on a lot.

[ub3rn00ber]

=o house of pleasure

[MoMoney4Me]

My all time favorite and most long term holding, I see it at $100 by the end of November.
Think Cramer mentioned it also a few weeks ago. When ( not if ) the courts get off Mo's back, the divisions spinoff will come and there will be no stopping the upward ascent.

[ub3rn00ber]

Well, we are on our way, mo money!

[MoMoney4Me]

Altria Group Inc., up $2.28 cents at $82.10.

Altria said the board plans to "finalize its decision" on Kraft on Jan. 31 and make an announcement on timing. The company's plan to distribute its 88.6 percent stake in Kraft to its shareholders is part of a wider restructuring plan that has generated intense interest among investors looking for an increase in value.
"We believe this is very positive news since it is clear the board's priority is to break-up the company and now the uncertainty surrounding the timing of the break-up has finally diminished," Citigroup Analyst Bonnie Herzog wrote in a research note on Wednesday.
The plan ultimately may also include a separation of Philip Morris International from the domestic tobacco business.
"Today's announcement brings us a step closer to a fully independent Kraft," Chief Executive Louis Camilleri said. "It recognizes our conviction that, having first publicly discussed the restructuring of the company two years ago, this is the right time to move forward."
Investors had become hopeful recently that the company would execute its plan soon, especially after Altria postponed its earnings announcement to coincide with a scheduled board meeting Wednesday morning.
The restructuring plan was put on hold when a federal judge certified a class action lawsuit in a "light" cigarettes case on Sept. 25. On Tuesday, Altria and the other big tobacco defendants were granted a temporary stay in the case. A three-judge panel will review the certification of the case as a class action and other issues in the case.
An earlier victory in the Florida Supreme Court in July in another case had also raised investor hopes.
The board's announcement came after Altria reported its profit slipped less than a percentage point in the third quarter and said results were dampened by slower international sales and higher restructuring charges.
The company raised its earnings guidance for the full year.

[ub3rn00ber]

Looks like were going to hit 84 today!

[ub3rn00ber]

Another bang up day for Altria! Cant wait till 08, anyone else think we will hit 90 by 08?

[clavocat]

by 08???? we'll hit 100 by january after the spinoff.

[ub3rn00ber]

I hope so... i want some more shares... but i dont know if i should wait or not

[MoMoney4Me]

Another bang up day for Altria! Cant wait till 08, anyone else think we will hit 90 by 08?

You'll see it by the end of this month. Earlier I was thinking $100, but might have been a bit optimisitic and premature on that one, but it's going to be there before long just the same.

MO hit an all time high today and is going nowhere but higher from here.
Vice Fund portfolio co-manager Charles Norton stated today his short term target is $97.

CHICAGO (Reuters) - A U.S. appeals court has decided to review a lower court ruling that let a $200 billion lawsuit filed by "light" cigarette smokers proceed as a class action and stopped proceedings in the lawsuit, a clerk for the court said on Friday.
The stay in the case, Schwab v. Philip Morris USA Inc., was issued as of Thursday, the clerk said.
Defendants in the case include Altria Group Inc.'s (NYSE:MO (http://finance.yahoo.com/q?s=mo) - News (http://finance.yahoo.com/q/h?s=mo)) Philip Morris USA unit, Reynolds American Inc.'s (NYSE:RAI (http://finance.yahoo.com/q?s=rai) - News (http://finance.yahoo.com/q/h?s=rai)) R.J. Reynolds tobacco Co., Loews Corp.'s (NYSE:LTR (http://finance.yahoo.com/q?s=ltr) - News (http://finance.yahoo.com/q/h?s=ltr)) Lorillard Tobacco unit (NYSE:CG (http://finance.yahoo.com/q?s=cg) - News (http://finance.yahoo.com/q/h?s=cg)); Vector Group Ltd.'s (NYSE:VGR (http://finance.yahoo.com/q?s=vgr) - News (http://finance.yahoo.com/q/h?s=vgr)) Liggett Group and British American Tobacco Plc's (London:BATS.L (http://finance.yahoo.com/q?s=bats.l) - News (http://finance.yahoo.com/q/h?s=bats.l)) British American Tobacco (Investments) Ltd.
In September, U.S. Senior District Judge Jack Weinstein in Brooklyn, New York, granted class action status in the case, which would have allowed the lawsuit to go forward on behalf of all U.S. "light" cigarette smokers.
The lawsuit argued that tobacco companies defrauded smokers into thinking "light" cigarettes were safer than regular cigarettes. Lawyers for the smokers argued that "lights" brought tobacco companies between $120 billion and $200 billion in extra sales.
Attorneys for the tobacco companies countered that there was no way to tell how many people relied on the word "light" when choosing cigarettes and said the smokers could not be grouped together as a class action.
Shares of Altria, maker of the top-selling Marlboro brand, were up $1.42 to $84.99 on the New York Stock Exchange on Friday afternoon.

[stck8ter]

I'd just be hesitant to be adding shares here, as the stock gapped open wednesday almost a dollar and has been ending positive for the past five days. there should be a pullback or at least some consolidation, as today was the third day up after the gap up.

we'll see what happens monday, but altria long term will definitely hit high $90's.

NOTE: The ANNOUNCEMENT in January of the schedule for the breakup is just that righ?? A timetable of when they are breaking off kraft? That will probably cause the price to gap up at the end of jan '08, and then will fall back, and then gap up on the date of the break off, or leading to that date. any thoughts?

[clavocat]

I'd just be hesitant to be adding shares here, as the stock gapped open wednesday almost a dollar and has been ending positive for the past five days. there should be a pullback or at least some consolidation, as today was the third day up after the gap up.

we'll see what happens monday, but altria long term will definitely hit high $90's.

NOTE: The ANNOUNCEMENT in January of the schedule for the breakup is just that righ?? A timetable of when they are breaking off kraft? That will probably cause the price to gap up at the end of jan '08, and then will fall back, and then gap up on the date of the break off, or leading to that date. any thoughts?

isnt it breaking up this january?? that would be 07 :confused: :confused: :confused:

[aiki14]

Buy MO and LTR and protective puts to back up your position, the puts are discounted so you get insurance at a bargain, if you're in already at a profit here's your lock in while still holding the positions and getting the dividends.

[stck8ter]

isnt it breaking up this january?? that would be 07 :confused: :confused: :confused:

my mistake. yes i meant jan '07. the breakup isn't happening in january though, just the announcement of the timetable of the breakup.

[stck8ter]

Buy MO and LTR and protective puts to back up your position, the puts are discounted so you get insurance at a bargain, if you're in already at a profit here's your lock in while still holding the positions and getting the dividends.

how far out would you buy the puts? haven't done that before. I understand the concept of puts and calls, but don't know the practical applications. would you buy the puts maybe two months out and continually buy new puts after the old ones expire?

[aiki14]

how far out would you buy the puts? haven't done that before. I understand the concept of puts and calls, but don't know the practical applications. would you buy the puts maybe two months out and continually buy new puts after the old ones expire?

I don't know what the premiums are right now but I would look 6 months out or so. You want to balance the time value and premium. If the dec jan at the money puts are really cheap maybe I'd think about it. I'll take a closer look at things later on and post more. Also this time of year if you need a tax loss you might consider dec out of the money or at the money puts for both protection and tax implications.

[aiki14]

For what it's worth here's how I'd play this.
I'd buy 1 jun07 95 put for every 100 shares I own
The stock is at 85.01
the puts are at 10.80
You are protected dollar for dollar except for the .80 on the put and any move above 95.80 is also a gain for you.
If you have an $80 profit or more going into this trade you can't lose, and if the price moves up through 95.80 your in the money on the shares. If you believe it'll hit 100 or better by jun 07 you'll get an additional 420 or more. You lose the chance at the profit between 85.01 and 95.80 but lock in the profit you have without having to sell the shares.
There are 2 other ways to profit on this, if the stock crashes, you exercise the puts at the bottom and ride the stock back up and take anything above where you exercised. If the stock runs up over the strike + premium you sell the shares and hold the puts until the stock drops below the strike + premium and then exercise and take your profit.