The MO Factor: Phillip Morris / Altria Corp Circa 1999
December 15th, 2005
Back in 1999 it looked like doom was on the horizon for Phillip Morris, NYSE: MO, now know known as Altria corp. Despite decent profits, the company was being attacked from all sides by lawsuits and politicians intent to destroy the tobacco industry. For a brief period in late 1999, MO was trading at multi-year lows at under 20 per share. The future looked bleak. Meanwhile, everyone’s favorite Nazdog tech stocks like ARBA and LNUX were partying like it was 1999.
Why You Cannot Trust Your Broker
November 16th, 2005
In March 2000, every stockbroker in the world was telling you to allocate 90% of your portfolio to NASDAQ bubble trash stocks like CMGI and INSP. If you listened to these experts then you got slaughtered. What did you think would happen? When you trust those who have a financial stake in your decision, you will always lose.