Philip Morris International: 5.9% Yield With Less Smoke And More Value
PMI(PM) Seeking Alpha·2024-02-11 09:13
Michael M. Santiago/Getty Images News Philip Morris International Inc. (NYSE:PM) Q4 results can be described as mixed between a headline EPS miss, while revenue came in slightly above expectations. This report caps off a volatile year for the stock amid not only a tough macro environment, thinking about the impact of high-interest rates, but also the industry backdrop facing a secular decline in traditional cigarettes. That being said, the company appears to be finding success with its ongoing transformatio ...