The analyst highlights Altria as an example where reported earnings can be misleading due to one-off write-downs, while adjusted earnings show continued growth. Despite the stock's 'disgrace' and price decline, the adjusted P/E ratio of 8.3 (compared to a historical average of 13.4) suggests it is currently undervalued, making it an attractive buying opportunity based on its underlying profitability.
“Im Fall von Aldrea haben wir jetzt eben ein KGV von nur 8,3 und im Schnitt jetzt habe ich schnit 2009 was eben 13,4 von daher die Unterbewertung an der St noch mal keine kaufen keine Verkaufsempfehlung.”