Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 03-24-2007, 09:16 AM
lowpockets lowpockets is offline
Senior Member
 
Join Date: Jan 2006
Location: FB, GA
Posts: 774
Default What is happening with Altria (MO) and how will it affect stock?

I got a letter this morning from my online brokerage firm that dirrected me to this important notice from Altria:

http://ww3.ics.adp.com/streetlink_data/dirMOG/saF2E.pdf

Cliff Notes: After reading it, it says that Altria will be selling its Kraft Foods division. Also on 30 March, Altria shareholders will be distributed .69 shares of Kraft per every share of Altria.

Please help me finish my cliff notes...

Will I keep my Altria stock and get some additional shares of KFT for the hell of it? I think this is an extremely good thing for me, but I am not certain. I was planning on selling my Altria stock (MO) in the next couple weeks to free the money up for some other funds. If I have returned around 30% on my MO in less than two years, and I am not crazy, this extra KFT stock that I will get should really juice my returns on this stock. Thanks for the help.
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 07:48 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.