Recommended Stocks & Mutual Funds
in the News
Below are updates of our
recommended stocks and mutual funds as well as market news.
03/30/2008
--- Altria Spins Off Philip Morris International
Tomorrow trading starts
for Philip Morris International (PM). Shareholders of Altria
should now have shares of the spin-off appearing in their
brokerage account.
Parent company Altria (MO)
closed Friday at $73.83 per share. Shares of PM and MO will
trade for a combined amount approximately equal
to Friday's closing price. Computation of cost basis for
MO/PM will soon be posted on Altria's
web site.
As of Friday, the total
return for our Altria investment in our High-Dividend
Blue Chip Stock Portfolio was 294.9%. For the time being,
we will be keeping Altria and Philip Morris International.
