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Philip Morris Continues to Smoke On

You forgot to mention the strong dollar. This is what has been keeping the stock below $40/share in my view. That said, even if forward earnings projections are coming down a little, it still looks cheap. Plus, the company can buy back more stock which will help offset the affects of the weak euro. PM will continue to raise their dividend at least 10% annually and that means in five years the dividend will be about $3.50. Will PM stock remain flat over this time and eventually yield over 9%? I think not. This company is a license to print money and investors with a 5 year time horizon will be nicely rewarded.
Nov 18 06:53 am |Rating: +1 0 |Link to Comment |View article

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Philip Morris Continues to Smoke On

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