After last week's discussion of my investment of PM USA (MO), Altria: What Makes It So Great?, I now break-down the investment merits of Philip Morris Int'l (PM), MO's larger, faster-growing global counterpart.
Pricing Power
Persistent price increases are a key part of the positive investment thesis on Philip Morris Int'l.
From 2009-2017E average annual growth in price/mix at Philip Morris International's cigarettes is an impressive 5.4%.
