Is Philip Morris Still Best Of Breed?
by Bill Maurer
Back in November, I called Philip Morris International Inc. (PM) the best value in tobacco stocks. At that time, the company boasted a fair valuation and had a very good dividend. Philip Morris led the industry in trailing twelve-month margins, was expected to show a fair amount of growth going forward, and had the financial flexibility to buy back plenty of stock, which it was doing. read more »
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