Among tobacco stocks outside the U.S. market, Philip Morris International (NYSE: PM )
remains a global force, with the highest market share of any non-state
owned publicly traded company.While shareholders have enjoyed solid
dividends from the company for years, Philip Morris has stopped
delivering the capital appreciation the stock saw from its start as a
separate publicly traded entity into 2012.
With share prices unchanged from the beginning of 2013, smart
investors are asking whether Philip Morris is a bargain in a rising
stock market, or if the challenges to the cigarette industry around the
world will take their toll on the tobacco company's future. Let's take a
closer look at Philip Morris International to see whether now is the
time for investors to commit new capital to the stock. (more)
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