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Too painful
When broken down, that means a pack-a-day smoker will spend an extra $1,095 per year on cigarette taxes alone
Source: macrotrends Investment Recommendation Investment Recommendation Philip Morris International (PM) excels in transitioning to smoke-free products like IQOS and ZYN, driving 40% of revenue from reduced-risk items with double-digit growth potential and high-teen EPS expansion, justifying its 36x PE premium
I find the taste fairly delicate but the tobacco itself strong enough
The proposed Canadian packaging requirements include, for cigarettes, two new sets of 14 exterior picture-based warnings, two sets of 13 interior picture-based messages that are more cessation focused, and two sets of 6 text-only toxicity messages in black, red and yellow to cover a full lateral package side