weiwentg

Diageo Earnings Confirm the Long Case for Investors

in response to Webisking, Altria also has potential legal liabilities. additionally, a recent Morningstar article contends that the US Federal government and many state governments have finally hiked taxes to the point where they are actually discouraging smoking.

Philip Morris International does indeed have very good positioning in the international market. But I would argue that their eventual fate will be the same as Altria: governments everywhere will hike taxes on cigarettes, both as a source of revenue and to promote public health.

As for Diageo, I like this company the best out of all the 'sin' stocks. I think they're a very good buy right now.