An Altria representative at a store.  Image Source: Altria Q3 2022 Investor Presentation

Altria is the last remaining tobacco giant in the United States, after a series of acquisitions and mergers over the last few decades. They sell traditional cigarettes, but have gradually moved into vaping and other non-combustible products.

History of Altria

 Business Overview

 Financials

Valuation and Closing Thoughts

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