Thursday, September 15, 2011
Bullish on Philip Morris International (PM)
Here is a stock that is uniquely positioned to attract the international market. PMI was spun off from the Altria Group in March 2008 to avoid the negative effects of domestic litigation. The decision has thus far proved successful, as the stock has appreciated by more than 38% while the S&P has been down more than 12% over the same time period. Emerging markets exposure, cost savings, dividend increases, and continued share repurchases will complement increases in market share.