Had the $PM buy signal as I mentioned on Twitter but didn't act on it. Oops.
Smoke if you got ‘em.
Global tobacco giants are supposed to offer big dividends and even buy back their stock, but sales growth…come on.
Perhaps that’s why Philip Morris International, the world’s most valuable tobacco company, jumped 4% on Thursday.
The company, which also announced a new $12 billion buyback program over 3 years, said cigarette organic unit sales growth grew 0.4% in the fourth quarter. That was good news to investors and analysts alike.
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