Assume that you are a stockbroker with two clients. One is a recent college graduate and the other is a retired couple. You have recently reviewed the annual report for Philip Morris, which sells popular tobacco and beer products as well as Kraft brand foods. You were impressed with a 22 percent increase in net income for Philip Morris in 1998. You noticed that the company generated more than $8 billion in cash flows from operating activities and paid $1.68 per share in dividends. The dividend yield was 6.7 percent, one of the highest you have been able to find for large, well-known companies. Based on this information and your current knowledge of Philip Morris, would you recommend this stock for either of your clients?