Philip Morris: Strong Sales, Lower Health Risks From Smokeless Products

Baloncici Investment Thesis Historically, Philip Morris (NYSE:PM) has been synonymous with cigarettes and therefore chronic diseases like lung cancer and emphysema. Their major brands, including Marlboro, have been household names. However, the company's push towards smoke-free products in more recent years has marked a change in their business model to reduce the harm caused by smoking. As noted in their reports, the company is committed to becoming substantially smokeless by 2030, with smoke-free prod ...