On its face, Altria stock looks like a steal, with a dividend yield nearly 9% and a single-digit P/E multiple The core smokeable products division continues to drive profit growth, making the valuation more attractive But management missteps and looming risks suggest caution — barring a big win in the smokeless space It bears emphasizing up front: a dividend alone is no reason to buy Altria Group (NYSE:) stock. Dividend payments come out of the stock price, after all. And if the business is headed in the wrong direction, a payout of almost any size is not going to save the stock. That lesson has been taught to investors over and over in recent years, in names like Kraft Heinz (NASDAQ:) and G... [Read more]