Should You Buy Philip Morris International Stock?

When I first started covering stocks, there were two things I quickly became aware of: (1) the tobacco industry in general had been the best performing sector of the economy for American investors by far, with the old Philip Morris getting singled out specifically in Jeremy Siegel’s research as the best investment during the second part of the 20th century, and (2) Philip Morris International is really the only tobacco company in the world that has a shot of faring better than the 3.5% tobacco shipping declines that have occurred in the United States from 1982 through 2013 and I use as the benchmark expectation for smoking declines as countries Westernize.

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