Okham Research views Kraft Food (KFT) shares as fully valued at present. However, this newest member of the Dow Jones Industrial Average (DJIA) represents a defensive component of the economy (Consumer Goods), has broad international exposure, pays a 3.3% dividend and has a market cap close to $50 billion.

Floyd Brown says there are five pharmaceutical companies offering outstanding dividend yields in a growing sector. And with most negative sentiment already priced into the stocks, downside risk is limited…

Andrew Corn of of Clear Indexes (CSD) believes that "Spin-Offs stand to become increasingly prevalent in the near future." Why? Because you can "Give a high growth unit the chance to reap the benefits of a high growth stock, shed a non-core business, or give investors the chance to buy into a specific industry without taking on other divisions."

~Todd Sullivan of Value Plays~

Shareholders as of March 19 will receive 1 share of Phillip Morris International for each Altria share they hold on march 28, the spin date.

Guidance:

Altria (MO):
* 2008 full-year diluted earnings per share from continuing operations are projected to grow approximately 9% to 11% from an adjusted base of $1.50, excluding PMI.

Excerpt from the Hussman Funds' Weekly Market Comment (2/19/08):

Altria (MO) was mentioned as one of Jim Cramer’s top nine stock picks in 2007 and he backed it again stating that Altria should rise nicely in 2008 as the company splits into separate into international and domestic businesses.