Philip Morris International, Inc. is a holding company. The Company through its subsidiaries manufactures and sells cigarettes and other tobacco products in markets outside the United States of America.
The Ronnie Moas side story isn't going away anytime soon as the Standpoint Research analyst has appearances scheduled on CNBC, Bloomberg TV, and Fox Business News this week to discuss his list of amoral stocks which includes Philip Morris (PM +0.7%).
The gadfly is likely to repeat his mantra that Philip Morris sells a product that kills people.
The cooler heads evaluating Philip Morris see it still sitting in a "wildly profitable" business and as a reliable dividend-payer.
What to focus on: The debate on the company should center on the growth potential of its new e-cigarette and low-tobacco products. Estimates vary wildly.
Italy will impose a 80.5% tax on e-cigarettes after the government comes to the conclusion it's missing out on a major revenue stream as consumers in the nation move to e-cigs from traditional tobacco products.
What to watch: The global electronic cigarette market is expected to grow to $7B in 2014 on strong consumer demand, but the future of the industry is still unsettled with governments and regulators in some key markets yet to fully weigh in.
Morningstar's Ultimate Stock Pickers latest list of top 10 dividend yielding stocks is led by Philip Morris (PM), "a cash-generating machine... fortified by a bevy of powerful brands, a global manufacturing and distribution system, and... an addictive product set."
While 2014 is seen as an investment spending year at McDonald's (MCD), at least one analyst was reassured by the recent analyst day presentation which balanced discussions about growth and capacity initiatives with talk about returning value to shareholders.