Best Tobacco Stock to Buy Right Now: Altria vs. Philip Morris
Altria Group (NYSE: MO) makes and sells Marlboro cigarettes. Philip Morris International (NYSE: PM) makes and sells Marlboro cigarettes. How do they both do the same thing? They limit their sales to different markets. Philip Morris was spun off by Altria so the latter could focus entirely on the North American market.If you are looking at these two stocks with the idea of holding one for the long term, you'll probably want to think carefully about the mistakes that Altria has made. That list looks increasingly like it includes spinning off Philip Morris.Here's what you need to know before you buy either of these tobacco stocks.Continue reading
Altria Group (NYSE: MO) makes and sells Marlboro cigarettes. Philip Morris International (NYSE: PM) makes and sells Marlboro cigarettes. How do they both do the same thing? They limit their sales to different markets. Philip Morris was spun off by Altria so the latter could focus entirely on the North American market.
If you are looking at these two stocks with the idea of holding one for the long term, you'll probably want to think carefully about the mistakes that Altria has made. That list looks increasingly like it includes spinning off Philip Morris.
Here's what you need to know before you buy either of these tobacco stocks.
