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Philip Morris (PM -0.1%) presented at the Morgan Stanley Consumer & Retail conference today with...

Philip Morris (PM -0.1%) presented at the Morgan Stanley Consumer & Retail conference today with execs highlighting the firm's estimate that the global cigarette market will grow at a moderate pace of up to 1.1% even with smoking rates in the U.S. dropping off. The company reiterates its previous outlook for 2012 EPS of $5.12-$5.18. Naturally, share repurchases are still a major focus of the company and the company says it sees "significant intrinsic value" in continuing its aggressive buyback pace. (webcast)
Comments (3)
  • Seriously, this has to be the 4th or 5th time this mistake has been made on this site.

     

    PM does not sell Malboro in the US, MO does.

     

    PM is only exposed to developed market such as the EU, Australia and Canada.
    13 Nov 2012, 03:53 PM Reply Like
  • Yup. It was specifically designed to avoid the "sharkin" (as in, "I'm not talking about pleasure boatin' boy, I'm talkin' about SHARKIN." (Jaws, of course))
    13 Nov 2012, 06:38 PM Reply Like
  • Beware of the so called experts who still do not understand mo and pm
    2 Dec 2012, 08:06 PM Reply Like
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