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Philip Morris International Inc (PM): Insider Buys 120K Shares

Philip Morris International Inc (PM): Insider Buys 120K Shares Key executives at public companies have a virtual mandate to maintain excessive optimism and a tendency to increase almost unconditionally. This dynamic will be on display on many fronts, including press releases, earnings reports, and exchanges with the press. The bottom line is that it just does not make the company or the management of any good to share with the public pessimism. Insider Purchases with huge signals in the market, because it shows how key insiders really feel about the company’s prospects. When insider puts big bet and buys a large stake, it is a very clear indication of confidence. And one of the biggest insiders buying last week came from an investment group that is one of Phillip Morris International, Inc ‘S … Read entire article »

Filed under: Tobacco news

Philip Morris International and Reynolds American offer great value

 Philip Morris International had a tough second quarter, mainly due to adverse currency fluctuations. Gross income after excise taxes, came in at $ 7.917.000.000, missing $ 8.17 billion consensus by a wide margin. But almost 30% of the world market with the exception of the United States and China, and a significant presence in emerging economies, where there are population growth smokers; the owner of Marlboro may be facing a bad impulse.Philip Morris International is the producer of Chesterfield cigarettes and Marlboro Flavor Note cigarettes. Explaining the poor quarter Let’s start with the bad news. Philip Morris International, Inc (NYSE: PM) was once again lowered its profit forecast by 3%. As you can see the stock performance over the past month, the market did not take this lightly. The good news … Read entire article »

Filed under: Tobacco laws, Tobacco news

Philip Morris International

It’s always interesting to compare the headlines earnings reports with the actual substance. While the top line and the essence of the figures, of course, important that the real figures of the company and management can often be very different from the original title to many traders and investors think. While the S & P 500 and the tracking ETFs, SPY, brought together more than 20% from the lows of last year, and stocks such as Apple (AAPL) are more than 30%, a number of actions performed better over the last few months, than the dividend shares. One of the most popular stock dividends was Philip Morris International, producer of Chesterfield cigarettes and Parliament cigarettes. As I wrote in a recent article, a few weeks ago, Philip Morris International had been incorrectly regarded … Read entire article »

Filed under: Tobacco companies

Philip Morris: Nothing can stop this Industry Leader

We were pleased to receive a positive response on our previous reports of Philip Morris International. We had a long position in Philip Morris International from March 31, 1999, when was part of the Philip Morris Company, and we were pleased with the results of the company and its spin-offs at this time. We believe that Philip Morris International is an excellent investment because it is one of those rare breed of companies that offer above-average dividend yield of 3.5% and is a champion of the growth in dividends. We decided to reconsider its recent Q2 2012 earnings report. PM before the challenging macroeconomic headwinds, as well as complex compared to the year-ago quarter due to a one-time increase in the Asian supply due to tobacco in Japan (JAPAF.PK) struggles as … Read entire article »

Filed under: Tobacco companies, Tobacco news

TEXT-Fitch affirmed the ratings of Philip Morris International

Fitch Ratings has affirmed (PMI) Philip Morris International Inc in the long-term issuer default rating (IDR) and senior unsecured rating at ‘A’ and Short-term IDR at “F1”. The outlook on the long-term IDR is stable. Approval and a stable outlook reflects continuing competitive PMI, strength and ability to consistently increase profits, despite the decline in cigarette consumption in the world market of tobacco products (except for China and the U.S.). Other factors contributing to the PMI, ‘A’ IDR is its EBITDA margin of 46% of healthy work, which has risen steadily over time, and significant pre-dividend free cash flow (FCF) generation (USD9.0bn in 2011). Fitch notes that the operations of PMI, are exposed to stagnant / decline in cigarette consumption and the continuation of regulation and taxation, despite the pressure-balanced exposure to … Read entire article »

Filed under: Marlboro brand, Tobacco companies, Tobacco news

Third defense verdict in two weeks for PM USA

A Miami-Dade jury today ruled in favor of Philip Morris USA Inc. in an Engle case ( Frazier v. Philip Morris USA, producer of Marlboro cigarettes and RJ Reynolds, manufacturer of Camel cigarettes ). The verdict marks the third time in two weeks that Florida juries in an Engle case have found for Philip Morris USA. “We believe this jury reached the correct result,” said Murray Garnick, Altria Client Services senior vice president and associate general counsel, speaking on behalf of Richmond, Va.-based Philip Morris USA. “This string of recent verdicts for the defense shows that Philip Morris USA has powerful defenses in these cases even when trial courts apply unfair procedures that do not require plaintiffs to prove their claims.” “Here, the trial court violated Florida law and due process by … Read entire article »

Filed under: Tobacco news

Philip Morris Wins Round In Florida Tobacco Battle

Tobacco giant Philip Morris USA, manufacturer of Marlboro cigarettes has won another victory as it defends itself against lawsuits filed by former smokers. On Friday, a Miami-Dade County jury ruled in favor of Philip Morris in the litigation that grew from the decertification of the so-called Engle class action lawsuit. In 2006, the Florida Supreme Court decertified the Engle class action lawsuit against Big Tobacco, which culled together thousands of cases filed around the state. In that ruling, the high court said the factual findings made by the jury in the Engle class action could be used in future cases heard in Florida. Essentially, jurors would be told, as fact, that tobacco companies sold cigarettes that were defective and dangerous, and that they hid the dangers associated with smoking, and plaintiffs would not … Read entire article »

Filed under: Tobacco companies

Philip Morris refused the deal with Columbia

Philip Morris International Inc (PM.N) said on Tuesday that its proposed $452 million acquisition of a Colombian cigarette manufacturer did not get approved by the country’s competition authority.The maker of Marlboro cigarettes said it will seek reconsideration of the initial decision of the Superintendent of Industry and Commerce. “We are obviously disappointed with this initial decision but the process is continuing and PMI is committed to working with the SIC to address its concerns,” James Mortensen, the company’s president for Latin America and Canada, said in a statement.The statement was dated June 12 but made public in a filing with the U.S. Securities and Exchange Commission on Tuesday.In July 2009, Philip Morris International agreed to buy privately-held Productora Tabacalera de Colombia, Protabaco, Ltda, Colombia’s second-largest cigarette maker, for $452 million. Philip Morris … Read entire article »

Filed under: Tobacco companies, Tobacco news

Philip Morris, Altria Group, R.J. Reynolds Tobacco Co – Verdict Guilty

Philip Morris USA, Altria Group Inc.’s and two other big cigarette companies lost a $20 million verdict in Florida state court in Fort Lauderdale. Last week a jury formed of six persons found Liggett Group, Philip Morris and R.J. Reynolds Tobacco Co. guilty and responsible for the cancer death of Margot Putney, a Lighthouse Point, Florida. She was a woman who began smoking in 1953, when she was 15 and she died in 1995. The woman started smoking when the advertising for cigarettes where everywhere, on TV, radio, print media, newspapers. Charles Baumberger is the lawyer who represented the three kids of Putney. This verdict is following the one that was given in 2006 in Florida, when the tobacco industry had serious losses. The Florida high court permitted individual suits to … Read entire article »

Filed under: Featured, Marlboro brand