Philip Morris Is Doing Everything Right, Except Being Cheap Enough
Source: SeekingAlpha
2026-02-09 18:19:09 ET
In my last article on Philip Morris ( PM ), I gave a controversial sell rating. My case was quite simple: the company was indeed experiencing strong operational momentum, performing well, and everything indicated that its financials would improve in the coming years given the transition to fewer smokables. However, the valuation was still very poor, so I preferred to avoid it....
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Philip Morris Is Doing Everything Right, Except Being Cheap Enough
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