Seeking Alpha

Philip Morris faces tough road warns Goldman

  • Philip Morris International (PM -4.6%) slides after Goldman Sachs takes shares down to a Neutral rating from Conviction List-Buy
  • Lower tobacco volumes and higher investment outlays will be a tough mix for the company to overcome in 2014, warns the investment firm.
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Comments (13)
  • Curioushere
    , contributor
    Comments (67) | Send Message
     
    PM needs to lead Next Generation Products, or get into Marijauna; the "American" disease of terminal volume decline is now a global phenom.
    21 Nov 2013, 01:42 PM Reply Like
  • CapeCapMgmt
    , contributor
    Comments (1427) | Send Message
     
    I am always amazed, (not really, I am used to it by now), how an analyst at GS can open their mouth and create a wonderful buying opportunity for one of my core holdings as a DGI.
    21 Nov 2013, 02:00 PM Reply Like
  • Kboyd78
    , contributor
    Comments (162) | Send Message
     
    Cape,
    Honestly I welcome this sort of non-sense. Pm thanks to today's dip in price is now my largest holding. And tomorrow if it continues to slide it will become an even bigger holding. PM is a great buy and accumulate stock
    21 Nov 2013, 02:37 PM Reply Like
  • nfred
    , contributor
    Comments (2) | Send Message
     
    I've been adding overweight to financials else I would likely buy more PM... I wonder if gs analyst was planning a short position. it is a tough for tobacco ... just like many other stocks.
    21 Nov 2013, 03:46 PM Reply Like
  • doc47
    , contributor
    Comments (1337) | Send Message
     
    I agree. This dip let me buy back my covered calls for 20 cents on the dollar. Any more of a drop and I'll be buying more stock.
    21 Nov 2013, 08:55 PM Reply Like
  • RWMostow
    , contributor
    Comments (1555) | Send Message
     
    Isn't anyone concerned about PM's debt?

     

    I was about to get my big toe wet, and logged into Fidelity's research, and yanked my toe back out lest a lobster bite it.

     

    -rwm
    21 Nov 2013, 02:38 PM Reply Like
  • Matthew Mazurczak
    , contributor
    Comments (1364) | Send Message
     
    The debt situation has been discussed ad nauseum in other articles and at this time not a reason to avoid the company.
    27 Nov 2013, 03:11 PM Reply Like
  • jmanjohn
    , contributor
    Comment (1) | Send Message
     
    Wh.en yields move up to 4.5% you will a good entry point
    21 Nov 2013, 03:47 PM Reply Like
  • brooklake
    , contributor
    Comments (6) | Send Message
     
    PM has increased the dividend 100% and bought back close to 30% of its outstanding stock since the spinoff. I defy anyone to name another S&P 500 stock that has come close to achieving that.
    21 Nov 2013, 06:33 PM Reply Like
  • Buyandhold 2012
    , contributor
    Comments (3069) | Send Message
     
    Will the analyst at Goldman Sachs who lowered the rating on Philip Morris please do me a big favor and lower the rating even more? I have been waiting to buy more PM when it falls below 80. It is a little bit ironic that an analyst at Goldman Sachs has the power to move the price of PM stock, especially considering that PM has been a better investment than Goldman Sachs.
    22 Nov 2013, 08:09 AM Reply Like
  • RWMostow
    , contributor
    Comments (1555) | Send Message
     
    Buyandhold-

     

    Agree. And while GS is at it, please lower the rating on MO. Thanks.

     

    -rwm
    23 Nov 2013, 11:31 AM Reply Like
  • mgolfshop
    , contributor
    Comments (5) | Send Message
     
    Good companies know how to move forward in any market. PM is a steal at these lower prices,go lower thanks GS.
    22 Nov 2013, 11:39 AM Reply Like
  • Brodidliy1
    , contributor
    Comments (255) | Send Message
     
    I don't understand why anyone really listens to analysts. Prior to the most recent recession, I don't recall any analyst sounding the warning bell. These people are no better than your local weatherman
    3 Dec 2013, 08:42 AM Reply Like
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