I am curious to hear people's thoughts on Altria specifically, and tobacco more generally

Altria is down 45% from peak price 4y ago, currently offering an 8.2% dividend yield and trading at 9.3x fwd P/E

Broadly speaking the company appears to have sold off due to declining tobacco revenues and legal claims against JUUL and forced selling due to ESG box-ticking

The dividend looks relatively safe at 80% of FCF (not my analysis)

With an 8% dividend yield, approximately 5-6% 3y conensus EPS CAGR forecasted we are already looking at a 13-14% annual return

The P/E of 9.3x compares to historical average around 15x, or perhaps 13x if you exclude the 2015-2018 period (where it was clearly overvalued)