Philip Morris International (PM)
| Philip Morris International (PM) manufactures and markets cigarettes and tobacco products outside of the U.S. It’s an incredible and appealing strategy. Sell an addictive and high margin product in parts of the world where you’re much less likely to be devasted in court than you might be here in the U.S.
In addition to many local brands that vary by country or region, Philip Morris brands include Bond Street, Chesterfield, L & M, Lark, Marlboro, Parliament, and Virginia Slims. Markets in which they operate include Africa, Asia, Canada, the EU, and Latin America. I don’t often use long quotes, but quite frankly, I don’t know if I could ever say this better than Kiplingers recently did.
So today PM is trading at $37.97, with a PE under 12 and a yield of 6%. It’s been awhile, but I think I’ve finally found an individual stock I can buy with some confidence. What do you think? |
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