Philip Morris International
PM-N
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About Philip Morris International (PM-N)
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It has negative equity of $12 billion. It trades on air. There are better opportunities elsewhere. Don't touch it.
It has negative equity of $12 billion. It trades on air. There are better opportunities elsewhere. Don't touch it.
An ugly chart, long out of favour, at 2013-14 levels. The risk is to the upside. The first stop is $95. Also, there's no reason tobaccp companies can't get into cannabis. (Analysts' price target: $93.58)
An ugly chart, long out of favour, at 2013-14 levels. The risk is to the upside. The first stop is $95. Also, there's no reason tobaccp companies can't get into cannabis. (Analysts' price target: $93.58)
Cigarette companies are on the “do not buy” lists for many fund managers, yet people continue to smoke. This is a huge cash flow generator, which pays a good dividend that continues to grow.
Cigarette companies are on the “do not buy” lists for many fund managers, yet people continue to smoke. This is a huge cash flow generator, which pays a good dividend that continues to grow.
He used to own it personally, but not for their clients. Cigarettes are the most profitable business in the world because customers are relatively price insensitive. They produce a product that is addictive for the customers, which makes for a great company and a great industry. Problem now though is that tobacco usage is falling off faster than people expected. It’s still early in the game for e-cigarettes but they aren’t coming up as successfully as expected. Consumers products stocks are underperforming, they were great until interests rates started going up. He sold his holding.
He used to own it personally, but not for their clients. Cigarettes are the most profitable business in the world because customers are relatively price insensitive. They produce a product that is addictive for the customers, which makes for a great company and a great industry. Problem now though is that tobacco usage is falling off faster than people expected. It’s still early in the game for e-cigarettes but they aren’t coming up as successfully as expected. Consumers products stocks are underperforming, they were great until interests rates started going up. He sold his holding.
This company is the international tobacco company and Altria (MO-N) is the US tobacco company. They split up a couple of years ago and no there is talk about a merger. The growth is not so much in tobacco but fake tobacco. His company doesn’t invest in tobacco stocks because of ethical reasons. He owns it personally actually.
This company is the international tobacco company and Altria (MO-N) is the US tobacco company. They split up a couple of years ago and no there is talk about a merger. The growth is not so much in tobacco but fake tobacco. His company doesn’t invest in tobacco stocks because of ethical reasons. He owns it personally actually.
Tobacco stocks have been tremendous performers post the crisis, not only because they are a fairly stable industry, they give a tremendous dividend and grow it. In an environment of low interest rates, people are looking for yield, and this has definitely been a safe haven. There is consolidation going on in the industry, which provides a floor for the stock.
Tobacco stocks have been tremendous performers post the crisis, not only because they are a fairly stable industry, they give a tremendous dividend and grow it. In an environment of low interest rates, people are looking for yield, and this has definitely been a safe haven. There is consolidation going on in the industry, which provides a floor for the stock.
He is a big fan of sin stocks. Tobacco in the last year has been on a stellar run. He prefers British American Tobacco. Dividends keep growing.
He is a big fan of sin stocks. Tobacco in the last year has been on a stellar run. He prefers British American Tobacco. Dividends keep growing.
(Market Call Minute.) If you can live with a sin stock, then they are doing okay right now.
(Market Call Minute.) If you can live with a sin stock, then they are doing okay right now.
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