Altria: The Unexpected Tailwind Of An RFK Jr. Nomination

Nov. 22, 2024 8:15 AM ETAltria Group, Inc. (MO) StockBTAFF, BTI, PM5 Comments
(15min)

Summary

  • Despite undeniable industry challenges, Altria shares have returned 46% year-to-date. Surprisingly, MO shares have maintained these gains despite potential risks associated with the appointment of RFK Jr. as HHS Secretary.
  • In this article, I weigh the potential risks of RFK Jr.'s MAHA campaign for Altria Group, especially given the tobacco company's concentrated U.S. exposure.
  • However, in addition to the risks, I also highlight why the appointment of RFK Jr. could actually turn out to be a net positive for Altria.

krblokhin

Introduction

I have written quite extensively about Altria Group, Inc. (NYSE:MO), the manufacturer and distributor of Marlboro brand cigarettes in the U.S., here on Seeking Alpha. Over the years, I have become somewhat more cautious given the continued high

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