Analysis of Philip Morris: Another tobacco giant on thin ice?

Philip Morris is one of the largest manufacturers and distributors of tobacco products in the world. The company manufactures and sells cigarettes, smokeless tobacco products and new tobacco and nicotine products. It's a great business. But is it also a great stock?

A basic overview

Philip Morris International is one of the world's largest manufacturers of tobacco products and its major brands include Marlboro, L&M and Parliament. Founded in 1847 in the US, the company split from parent company Altria in 2008 to focus exclusively on international markets.

PM is looking to diversify its portfolio into new segments, including products such as e-cigarettes and low-nicotine products. The company is also investing in research and development in this area. As strange as it sounds, PM also strives to be a socially responsible company and supports programs such as anti-smoking and health research. The company also invests in sustainability and reducing greenhouse gas emissions.

However, the…