Since 2009, the maker of Marlboro has managed to deliver modest increases in revenues in spite of difficult economic situations in some markets, increasing regulatory control over the sale of tobacco products, and currency headwinds. Of its operational regions, Asia happens to be among the most important division for Philip Morris, accounting for close to 35% of our valuation for the stock. Part of this is because Asia is the only region that has actually been seeing increasing market size, whic...
Since 2009, the maker of Marlboro has managed to deliver modest increases in revenues in spite of difficult economic situations in some markets, increasing regulatory control over the sale of tobacco products, and currency headwinds. Of its operational regions, Asia happens to be among the most important division for Philip Morris, accounting for close to 35% of our valuation for the stock. Part of this is because Asia is the only region that has actually been seeing increasing market size, whic...
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