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Wednesday, January 31, 2007
Cigarettes and cashes
Just wanted to bring some attention to the New York Times's prominent front-page story about the open-arms greeting of investors to the news that the former Philip Morris, the Altria Group, will spin off its less profitable Kraft division. Food? Dead weight compared to more addictive and harmful products!
Wall Street guru James Cramer was onto this story back on Jan. 3, when he named Altria his number one stock pick for 2007, based on the coming Kraft spinoff. As noted by the blog 24/7 Wall St., "He hates their products, but he said someone is going to make money and it might as well be you."