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Jim Cramer has been consistent with his bullish opinion of Altria Group (MO). It has been noted on the show that he has owned this stock for his "Action Alerts Plus" charitable trust service for every mention in the stockTagger database, and consistency in opinion usually accompanies the names that are owned by "Action Alerts Plus". The first "buy dip" call was well timed with the reason being options expiration, but the second buy dip did not help until the subprime scare in February 2007.
For all of 2006, Cramer touted the stock as a positive breakup story, and we've seen that success come to fruition in 2007, after he named it his number 1 value stock for 2007. The high yield is the most common tag for Altria Group (MO). It is also listed as a hard landing stock, a favorite stock and a "best of breed" stock. At the time of this article, the latest price target for is 86.
1 comments:
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