Latest Articles
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Philip Morris’ 2014 In Review Part 1: Reduced Risk Products
Philip Morris (NYSE:PM) stands to gain in a big way from the commercialization of e-cigarettes. This is because the market size projections for the category are big, and the market share forecasts for Philip Morris in this category are also favor...
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Impact Of Illicit Cigarettes On Philip Morris’ European Business
The European Union (EU) contributes around 35% of Philip Morris International’s (NYSE:PM) revenues (net of excise) and is the most profitable division for the company, with adjusted EBIDTA margins of over 50%. The division contributes over 25% t...
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Impact Of Illicit Cigarettes On Philip Morris In Asia
Illicit cigarettes represents a threat to tobacco companies and tax authorities by subverting the regulation of sales and consumption of cigarettes. This thwarts the attempts made by governments to increase their revenue from taxation and achieve...
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Weekly Tobacco Notes: Philip Morris Changes Purchase Process, Runs Into Trouble With WHO
In our tobacco weekly notes this week, we will discuss Philip Morris’ recent announcement of its decision to stop purchasing tobacco from farmers directly and instead from two large suppliers. These suppliers are North Carolina based, Allia...
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Philip Morris’ Q3 Earnings Along Expected Lines
Philip Morris reported its Q3 earnings on October 16, more or less meeting general expectations. Earnings per share stood at $1.38 per quarter, 2 cents more than the analyst’s consensus estimate at Bloomberg Businessweek. We had earlier reported...
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Philip Morris Q3 Earnings Likely To Be Along Expected Lines
Philip Morris (NYSE: PM) is set to report its 2014 third quarter earnings on October 16. We expect the management’s expectations of reduced earnings to materialize on account of factors identified in the second quarter earnings report and r...
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Philip Morris Braces For Ireland’s Tobacco Plain Packaging Legislation
Earlier this year, the Philip Morris (NYSE: PM) CEO had commented that his company would engage in a dialogue with regulators in Ireland over their proposed tobacco plain packaging legislation. The Irish attempt at such regulation is following cl...
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Impact Of Strong Regulations On Philip Morris In Australia
Two regulatory hurdles have affected global tobacco major Philip Morris (NYSE: PM) adversely in Australia in recent years. The first of these came in the form of plain packaging restrictions that mandated graphical health warnings on cigarette pa...
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Why Did Philip Morris Spend More Than Anyone Else Lobbying The E.U.?
It turns out that tobacco major Philip Morris International (NYSE: PM) spent €5.25 million to lobby Members of European Parliament (MEP), the highest for any company in the European Union in 2013 . This is not a small feat considering that the co...
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How Is Philip Morris Doing In Russia?
Russia is an important market for cigarette companies. The cigarette market in Russia is estimated to be worth $20 billion. About 40% of the population there smokes, and the average smoker there smokes around 2700 cigarettes a year. Unlike the U....
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Tobacco Companies Review: Lawsuits In Florida And Uruguay
The last two weeks brought much sorrow to cigarette companies in the U.S. Philip Morris USA (part of the Altria Group (NYSE: MO)) and R.J. Reynolds (part of Reynolds American (NYSE: RAI)) were both asked to pay out damages worth several millions ...
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Uruguayan Lawsuit With International Implications For Philip Morris
Tobacco major Philip Morris International (NYSE: PM) is suing Uruguay for $25 million, for increasing the size of the graphic health hazard warnings on its cigarette packets. Currently, tobacco companies in Uruguay are required to cover 80% of th...
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Weekly Tobacco Notes: Philip Morris Gives Dividend And Gets Board Members
Philip Morris International Inc. (NYSE:PM) made two major announcements last week. The first was regarding dividends and the second related to expanding its Board of Directors. Last Week, we also wrote about Philip Morris’ potential in the ...
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Philip Morris Likely To Further Gains In Indonesia
Indonesia presents an attractive market for tobacco companies since there is no minimum age limit for buying or smoking cigarettes in the country. Of the men in the age group 20 and above, about 70% are estimated to be smokers. The average age at...
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3 Worst Performing Dividend Grower Of Past Year – A Great Chance For Investors?
Submitted by Dividend Yield as part of our contributors program . 3 Worst Performing Dividend Grower Of Past Year – A Great Chance For Investors? I like it when stocks fall because they become cheaper. That’s the reason why I alw...
