Wednesday, April 17, 2019 12:10:00 AM
Some people smoke (about a billion).
Young people smoke too (ie smoking is not going away).
Smoking is led by addiction (nicotine).
People seek addicting substances (see MJ)
Tobacco industry is immune from competition (regulatory establishes high cost to entry)
Yet this is a 465 million $ market per annum where the ROCE is above 40%!
This kind of a large demand is here to stay, like it on not.
RRPs are sexy, stylish and are growing. They make perfect sense: get your nicotine at reduced harm.
Gov will have to approve as part of effort to reduce harm of full burn tobacco product.
When they do- demand will explode: “it’s safe now”!
PM will be a turnaround case study in business school.
Right now you get to buy a super profitable business, cash machine, with hooked clients, at very low valuations.
But you need to be either private investor or fund manager that doesn’t care about doing the politically correct thing.
Recent PM News
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/17/2024 01:10:01 PM
- Vectura Fertin Pharma, Inc., a Subsidiary of Philip Morris International, Announces Agreement for Sale of Vectura Group to Molex • Business Wire • 09/17/2024 01:04:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 11:15:03 AM
- Philip Morris International Increases Dividend by 3.8% to Annualized Rate of $5.40 per Share • Business Wire • 09/12/2024 11:13:00 AM
- New KPMG Report Shows Illicit Cigarette Consumption Still at Worrying Levels in the European Union, With Organized Crime Moving Operations Closer to Western Countries • Business Wire • 09/09/2024 08:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 11:05:14 AM
- Philip Morris International Participates in 2024 Barclays Global Consumer Staples Conference • Business Wire • 09/03/2024 11:00:00 AM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Philip Morris International to Host Webcast of Fireside Chat Session at Barclays Global Consumer Staples Conference • Business Wire • 08/27/2024 04:00:00 PM
- Philip Morris International’s Swedish Match Affiliate Adding 450 Jobs with $232 Million Investment in Kentucky • Business Wire • 08/27/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:35:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 07:28:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 08:37:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/08/2024 05:08:52 PM
- Philip Morris International Announces Collaboration with KT&G on U.S. Regulatory Submissions for KT&G’s New Heat-Not-Burn Products • Business Wire • 07/30/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 11:03:04 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/25/2024 06:44:03 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 11:35:39 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 11:05:18 AM
- Philip Morris International Reports 2024 Second-Quarter and First-Half Results and Raises Full Year Guidance • Business Wire • 07/23/2024 10:59:00 AM
- U.S. Index Futures Dip Slightly as Investors Await Major Earnings Reports, Oil Prices Edge Up • IH Market News • 07/23/2024 10:04:07 AM
- HSBC Names New CEO, Tesla Moves Headquarters to Texas, ASML Faces Trade Restrictions, GitLab Considers Sale • IH Market News • 07/17/2024 10:26:41 AM
- Philip Morris International to Host Webcast of 2024 Second-Quarter and First-Half Results • Business Wire • 07/16/2024 12:22:00 PM
- Philip Morris International U.S. Affiliate to Create 500 Jobs Investing $600 Million in Aurora, Colo., Manufacturing Facility • Business Wire • 07/16/2024 11:30:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM