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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.


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News About Recommended Stocks, Mutual Funds, & Events on Wall St.
(Complete Article List)

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