Philip Morris International Shares Surge as Transformation Continues. Is It Too Late to Buy the Stock?

While investors in the tobacco space have tended to be more focused on dividends over the years, Philip Morris International (PM 1.29%) has quietly turned itself into a strong growth company as its smoke-free business continues to drive strong results. The company's shares were once again climbing following its fourth-quarter earnings results. The stock is now up around 20% year to date and about 60% over the past year, as of this writing.With the stock near all-time highs, let's take a closer look at its m ...