Please excuse my absence.
I am going to shut off "the market" for the next month or so, and catch up on some reading. I did this back in October 1998, after The Home Depot slipped to $30., Staples to $26., and Starbucks down to $29. Needless to say, I never lost hope. Each one has rebounded by at least 100%, if my math is correct.
Please concentrate on the big picture. MO may go down a little, but it will always survive. And thrive. There are just too many employees, tax implications, and complicated intricacies. Don't be a lemming and sell because everyone is selling, or buy because everyone is buying. In fact, I am more concerned for those buying AOL at $170. per share, than those of us holding our good friend, MO.
I started jogging a few weeks ago, and my favorite pastime while on the path is to count the empty Marlboro boxes. There are plenty to count!
We can close tomorrow at $32., $25, or $20. I couldn't care less. What I do care about is where MO closes in five or ten-years.
Sure, fortuna may dictate where we go in the short-term, but the real virtue of this company is what will lead us far into the future.
Theo
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