Reynolds American Inc

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  • Lady Justice
    Company & Industry Overviews

    The Largest Corporation Settlements in United States History

    By Robin Hill-Gray
  • uploads///sp
    Company & Industry Overviews

    Last Week’s Consumer Space: Which Stocks Were the Outliers?

    At the end of the fourth week of April 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary as a whole. Let’s see which stocks stood out.

    By Gabriel Kane
  • uploads///Seg
    Company & Industry Overviews

    Philip Morris’s Low 2014 Volumes in Latin America and Canada Segments

    In 2014, Philip Morris’s Latin America and Canada segment reported a 2.3% decline in net revenues. The region had the company’s lowest revenues, at 11%.

    By Penny Morgan
  • uploads///rai pm
    Company & Industry Overviews

    Why Did Reynolds American Rise on June 20?

    Reynolds American (RAI) has a market cap of $73.4 billion. It rose by 1.6% to close at $51.03 per share on June 20, 2016.

    By Gabriel Kane
  • uploads///Q EPS Estimates
    Earnings Report

    Philip Morris Let Down Investors with 1Q16 Earnings

    Philip Morris International (PM) released its 1Q16 earnings on April 19, 2016. The company’s adjusted diluted EPS fell 15.5% to $0.98 compared to $1.15 in 1Q15.

    By Penny Morgan
  • uploads///pm pm
    Company & Industry Overviews

    What’s the Latest News from Philip Morris?

    Philip Morris International (PM) has a market cap of $136.3 billion. It rose 0.47% to close at $88.18 per share on December 6, 2016.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Philip Morris Plans to Increase Market Share of iQOS

    Philip Morris International (PM) has a market cap of $153.4 billion. It rose by 0.14% to close at $99 per share on August 12, 2016.

    By Gabriel Kane
  • uploads///Q Margins
    Earnings Report

    No Sign of Improvement in Philip Morris’s 1Q16 Operational Margin

    Gross margin and free cash flow Philip Morris’s (PM) gross margin decreased 0.7 points to 65.5% in 1Q16, compared to 66.3% in 1Q15. Despite the adverse currency impact, Philip Morris is focused on generating strong free cash flow in line with last year’s level. The company’s free cash flow (or FCF) increased by more than […]

    By Penny Morgan
  • uploads///rai pm
    Company & Industry Overviews

    Why Did Reynolds American Rise 14% on October 21?

    Price movement Reynolds American (RAI) has a market cap of $67.3 billion. It rose 14.0% to close at $53.78 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 13.8%, 10.3%, and 19.6%, respectively, on the same day. RAI is trading 14.1% above its 20-day moving average, 11.2% […]

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Philip Morris Starts Its New Manufacturing Facility in Italy

    Price movement Philip Morris International (PM) has a market cap of $159.0 billion. It fell 0.19% to close at $101.53 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.7%, 1.4%, and 17.9%, respectively, on the same day. PM is trading 1.4% above its 20-day moving average, […]

    By Gabriel Kane
  • uploads///Q Wine overview
    Earnings Report

    Altria’s Wine Segment Delivered Robust 1Q16 Results

    Altria Group’s (MO) wine segment’s 1Q16 net revenue rose 8.2% to $0.15 billion compared to $0.13 billion in 1Q15.

    By Penny Morgan
  • uploads///rai pm
    Earnings Report

    A Look at Reynolds American’s 3Q16 Performance

    Price movement Reynolds American (RAI) has a market cap of $66.3 billion. It fell 2.1% to close at $46.29 per share on October 19, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.7%, -2.9%, and 2.9%, respectively, on the same day. RAI is trading 2.2% below its 20-day moving average, 4.5% […]

    By Gabriel Kane
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    Miscellaneous

    How Altria’s Valuation Multiple Stacks Up against Peers

    To drive its sales, Altria introduced three new flavors of Mark Ten in April 2017.

    By Rajiv Nanjapla
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    Earnings Report

    Why Didn’t Altria’s 1Q17 Earnings Impress Investors?

    Altria Group (MO) announced its 1Q17 earnings before the market opened on May 2, 2017. It posted an adjusted EPS of $0.73 on net revenues of $4.59 billion.

    By Rajiv Nanjapla
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    Earnings Report

    Where Altria’s Valuation Multiple Stands Next to Peers

    As of April 25, 2017, Altria was trading at a PE multiple of 21.5x, as compared to 21.4x before the announcement of its 4Q16 earnings.

    By Rajiv Nanjapla
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    Earnings Report

    Why Philip Morris’s Valuation Multiple Fell: Weak 1Q17 Earnings

    Valuation multiples help investors make investment decisions. They’re driven by investors’ willingness to pay, perceived growth, risks, and uncertainties.

    By Rajiv Nanjapla
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    Earnings Report

    Where Philip Morris’s Valuation Multiple Stands Next to Peers

    As of April 11, 2017, Philip Morris was trading at a forward PE multiple of 22.6x, as compared to 20.8x before the announcement of its 4Q16 earnings.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What’s Driving Tobacco Companies’ Stock Prices in 2017?

    Since the beginning of 2017, Altria, Philip Morris, and Reynolds American have returned 7.9%, 23.9%, and 12.3%, respectively, while FDL returned 3.9%.

    By Rajiv Nanjapla
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    Miscellaneous

    Why Altria Is Trading Close to Its 52-Week High

    On March 9, 2017, Altria Group (MO) hit its 52-week high of $76.44 and closed at $76.19. That’s a 7.0% rise since its 4Q16 earnings on February 1, 2017.

    By Rajiv Nanjapla
  • uploads///
    Earnings Report

    Philip Morris Stock Rises on Better-than-Expected Sales in 4Q16

    Philip Morris International (PM), a leading US-based tobacco company, announced its 4Q16 results on February 2.

    By Rajiv Nanjapla
  • uploads///
    Earnings Report

    Altria Stock Rose on Strong 4Q16 Earnings

    Altria Group (MO) announced its 4Q16 earnings on February 1, 2017. The company posted net revenue of $4.7 billion and EPS (earnings per share) of $5.27.

    By Rajiv Nanjapla
  • uploads///
    Earnings Report

    Will Philip Morris’s 4Q16 Earnings Results Boost Its Stock Price?

    Philip Morris International (PM), a US-based tobacco company, is set to announce its 4Q16 earnings on February 2, 2017, before the market opens.

    By Rajiv Nanjapla
  • uploads///vgr pm
    Company & Industry Overviews

    Moody’s Rated Vector Group’s Secured Notes

    Vector Group (VGR) has a market cap of 2.9 billion. It fell 2.0% to close at $22.75 per share on January 19, 2017.

    By Gabriel Kane
  • uploads///rai pm
    Company & Industry Overviews

    Citigroup Downgrades Reynolds American to ‘Neutral’

    Reynolds American (RAI) has a market cap of $82.4 billion. It rose 0.55% to close at $58.00 per share on January 18, 2017.

    By Gabriel Kane
  • uploads///nke pm
    Company & Industry Overviews

    What’s the Latest News on Nike?

    Nike (NKE) has a market cap of $87.3 billion. It fell 0.71% to close at $53.27 per share on January 18, 2017.

    By Gabriel Kane
  • uploads///
    Earnings Report

    Why Are Investors Confident on Altria Before Its 4Q16 Earnings?

    Altria Group (MO) is set to announce its 4Q16 earnings on February 1, 2017, before the market opens. This series will focus on what you can expect from the company’s upcoming earnings release.

    By Rajiv Nanjapla
  • uploads///rai pm
    Company & Industry Overviews

    What’s the Latest News on Reynolds American?

    Reynolds American (RAI) reported 3Q16 net sales of $3.20 billion—a rise of 1.4% compared to net sales of $3.16 billion in 3Q15.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Philip Morris Downgraded to ‘Neutral’

    Philip Morris International (PM) has a market cap of $140.6 billion. It fell 0.89% to close at $90.42 per share on January 4, 2017.

    By Gabriel Kane
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    Miscellaneous

    How Much Upside Is Left in Altria’s Stock?

    On November 9, 2016, California voters agreed to raise taxes on cigarettes and vaping devices. This decision led to a fall in Altria Group’s (MO) share price.

    By Rajiv Nanjapla
  • uploads///pm pm
    Company & Industry Overviews

    Philip Morris Has Declared a Dividend

    Philip Morris International (PM) has a market cap of $138.9 billion. It rose 1.9% to close at $89.87 per share on December 7, 2016.

    By Gabriel Kane
  • uploads///vgr pm
    Company & Industry Overviews

    Vector Group Declares Dividend of $0.40 per Share

    Vector Group (VGR) has a market cap of $2.7 billion. Its stock rose 0.82% to close at $20.97 per share on December 6, 2016.

    By Gabriel Kane
  • uploads///rai pm
    Company & Industry Overviews

    Reynolds American Declares Dividend of $0.46 per Share

    Reynolds American (RAI) has a market cap of $76.9 billion. It fell 0.26% and closed at $53.96 per share on December 1, 2016.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Philip Morris Launches Cigarette Alternative iQOS in the UK

    Philip Morris (PM) reported 3Q16 net revenues of $19.9 billion, a rise of 2.6% over its 3Q15 net revenues of $19.4 billion.

    By Gabriel Kane
  • uploads///rai pm
    Company & Industry Overviews

    Why Did Reynolds American Reject BAT’s Offer?

    Reynolds American (RAI) has a market cap of $78.3 billion. It fell 0.99% to close at $53.05 per share on November 14, 2016.

    By Gabriel Kane
  • uploads///el pm
    Company & Industry Overviews

    Estée Lauder Announces the Acquisition of BECCA and Too Faced

    Estée Lauder (EL) reported fiscal 1Q17 net sales of $2.9 billion, a rise of 1.1% compared to net sales of $2.8 billion in fiscal 1Q16.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    CLSA Upgrades Philip Morris International to a ‘Buy’

    Philip Morris International (PM) has a market cap of $141.2 billion. It fell 1.8% to close at $87.33 per share on November 14, 2016.

    By Gabriel Kane
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    Earnings Report

    Altria’s Share Price Rose on Its Strong 3Q16 Earnings

    Altria Group (MO) announced its 3Q16 earnings on October 27, 2016. The company posted net revenue, excluding excise taxes, of $5.2 billion.

    By Rajiv Nanjapla
  • uploads///rai pm
    Company & Industry Overviews

    CLSA Downgrades Reynolds American to ‘Underperform’

    Reynolds American (RAI) has a market cap of $68.9 billion. It rose 2.5% to close at $55.10 per share on October 24, 2016.

    By Gabriel Kane
  • uploads///Portfolio Breakdown of the FBGRX
    Fund Managers

    Inside the Fidelity Blue Chip Growth Fund Portfolio

    FBGRX’s core sectors include information technology, consumer discretionary, and healthcare. The first two sectors make up a combined 68% of the portfolio.

    By David Ashworth
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    Earnings Report

    Philip Morris’s Share Price Rose on Its Positive Outlook

    Since the announcement of its 3Q16 results on October 18, 2016, Philip Morris International’s (PM) share price has risen 0.8% to $96.3.

    By Rajiv Nanjapla
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    Earnings Report

    Can Investors Expect Momentum from Altria’s 3Q16 Earnings?

    In 2016, Altria’s share price has risen 7.8% YTD. During the same period, peers Philip Morris and Reynolds American have risen 9.9% and 4.4%, respectively.

    By Rajiv Nanjapla
  • uploads///cck pm
    Earnings Report

    How Did Crown Holdings Perform in 3Q16?

    Price movement Crown Holdings (CCK) has a market cap of $7.9 billion. It rose 1.4% to close at $56.76 per share on October 19, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.3%, 5.9%, and 12.0%, respectively, on the same day. CCK is trading 2.1% above its 20-day moving average, 3.6% […]

    By Gabriel Kane
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    Earnings Report

    Analysts Expect Philip Morris’s Margins to Have Contracted in 3Q16

    Wall Street analysts are expecting Philip Morris (PM) to post gross margins, EBITDA margins, and net margins of 65.4%, 44.2%, and 26.9%, respectively.

    By Rajiv Nanjapla
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    Earnings Report

    Why Philip Morris’s iQOS Sales in Japan Are Promising

    According to the WHO, under the current regulatory regimes, the percentage of the cigarette smoking population is expected to fall from 22% to 19% by 2025.

    By Rajiv Nanjapla
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    Earnings Report

    What Philip Morris Should Show Investors to Prove It Has Momentum

    Philip Morris International (PM), a leading US-based tobacco company, is set to announce its 3Q16 earnings on October 18, 2016, before the market opens.

    By Rajiv Nanjapla
  • uploads///pm pm
    Company & Industry Overviews

    Jefferies Gave Philip Morris International a ‘Hold’ Rating

    Jefferies has initiated coverage of Philip Morris International with a “hold” rating and set the stock’s price target at $96 per share.

    By Gabriel Kane
  • uploads///rai pm
    Company & Industry Overviews

    Reynolds American Announces New Directors

    Reynolds American (RAI) rose 0.34% to close at $47.31 per share during the second week of September 2016.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Citigroup Gave Philip Morris International a ‘Neutral’ Rating

    Philip Morris International (PM) has a market cap of $159.4 billion. It fell 1.7% to close at $98.93 per share on September 13, 2016.

    By Gabriel Kane
  • uploads///rai pm
    Company & Industry Overviews

    Citigroup Has Rated Reynolds American a ‘Buy’

    Reynolds American (RAI) has a market cap of $71.6 billion. It fell 0.90% to close at $47.45 per share on September 13, 2016.

    By Gabriel Kane
  • uploads///spb pm
    Company & Industry Overviews

    Moody’s Gave Spectrum Brands’ Senior Unsecured Notes a B2 Rating

    Spectrum Brands Holdings (SPB) has a market cap of $7.7 billion. It fell 2.0% to close at $124.68 per share on September 13, 2016.

    By Gabriel Kane
  • uploads///mo pm
    Company & Industry Overviews

    Citigroup Has Rated Altria Group a ‘Buy’

    Altria Group (MO) has a market cap of $129.7 billion. It fell 1.7% to close at $63.55 per share on September 13, 2016.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Goldman Sachs Upgrades Philip Morris International to ‘Conviction Buy’

    Price movement Philip Morris International (PM) has a market cap of $162.2 billion. It rose 3.2% to close at $100.64 per share on September 12, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.1%, 1.8%, and 16.9%, respectively, on the same day. PM is trading 0.49% above its 20-day moving average, […]

    By Gabriel Kane
  • uploads///rai pm
    Company & Industry Overviews

    UBS Rates Reynolds American as ‘Neutral’

    Reynolds American (RAI) has a market cap of $72.0 billion. It fell by 0.91% to close at $50.26 per share on August 25, 2016.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Moody’s Affirmed Philip Morris’s Ratings

    Philip Morris International (PM) has a market cap of $155.4 billion. It rose by 0.78% to close at $99.17 per share on August 10, 2016.

    By Gabriel Kane
  • uploads///rai pm
    Company & Industry Overviews

    CLSA Upgrades Reynolds American to ‘Outperform’

    Reynolds American (RAI) has a market cap of $71.8 billion. Its stock rose by 0.53% to close at $49.18 per share on August 8, 2016.

    By Gabriel Kane
  • uploads///Portfolio Breakdown of the FBGRX
    Fund Managers

    Understanding the Portfolio Changes in the Fidelity Blue Chip Growth Fund so Far in 2016

    FBGRX’s assets were invested across 361 holdings as of June 2016, when it was managing assets worth $18.5 billion.

    By David Ashworth
  • uploads///Q Margins
    Consumer

    Can ~6% Pricing Variance Help Philip Morris’s Margin Rise in 2Q16?

    As a result of decreased operating income, Philip Morris’s (PM) operating margin fell by 2.8% to 41.9% in 1Q16.

    By Penny Morgan
  • uploads///Q EPS
    Consumer

    Can Philip Morris Beat Its 2Q16 Earnings Expectations?

    The Wall Street consensus analyst expectation for Philip Morris’s adjusted diluted EPS in 2Q16 is $1.19 per share.

    By Penny Morgan
  • uploads///pm pm
    Company & Industry Overviews

    ICSID Dismisses Philip Morris’s Lawsuit against Uruguay

    Philip Morris International (PM) has a market cap of $160.6 billion. Its stock rose by 1.3% to close at $103.09 per share on July 8, 2016.

    By Gabriel Kane
  • uploads///pm pm
    Company & Industry Overviews

    Why Did Philip Morris Fall 4% on June 24?

    Philip Morris International (PM) has a market cap of $151.6 billion. It fell by 4.1% to close at $97.71 per share on June 24, 2016.

    By Gabriel Kane
  • uploads///Q Margin Overview
    Company & Industry Overviews

    Strong Segment Growth Helps RAI’s 1Q16 Operating Margin

    Operating income Reynolds American’s (RAI) reported operating income increased by 786.3% to ~$6.1 billion in 1Q16 versus $0.7 billion in 1Q15. This includes charges for implementation costs, asset impairment, and exit costs. It also includes transaction-related and financing costs for the Lorillard acquisition and related divestitures to Imperial Tobacco Group (ITYBY), as well as other […]

    By Penny Morgan
  • uploads///VUSE
    Company & Industry Overviews

    RAI’s Innovation Transformation, No Ban on Flavors from FDA

    Reynolds American’s (RAI) key to transformation is robust results and an active innovation pipeline. The company formed RAI Innovation Company to seek alternatives to traditional cigarettes.

    By Penny Morgan
  • uploads///Q Smokeable overview
    Earnings Report

    Why Altria’s 1Q16 Smokeable Segment’s Shipment Volume Rose

    Altria Group’s (MO) smokeable product segment’s net revenue rose 3.8% to $5.4 billion in 1Q16 compared to $5.2 billion in 1Q15.

    By Penny Morgan
  • uploads///Q EPS overview
    Earnings Report

    By How Much Did Altria’s 1Q16 Earnings Outperform Estimates?

    Altria Group (MO) released its 1Q16 earnings on April 28, 2016. Its adjusted diluted EPS (earnings per share) rose 14.3% to $0.72 in 1Q16.

    By Penny Morgan
  • uploads///vgr pm
    Company & Industry Overviews

    Vector Group Is Issuing 7.75% Senior Secured Notes Due in 2021

    Vector Group (VGR) has a market cap of $2.6 billion. VGR fell by 2.1% to close at $21.14 per share on May 2, 2016.

    By Gabriel Kane
  • uploads///Portfolio Breakdown of the FBGRX
    Fund Managers

    Portfolio Moves Made by FBGRX Leading Up to 1Q16

    FBGRX invests “at least 80% of assets in blue chip companies” The fund manager also invests in companies believed to have above-average growth potential.

    By David Ashworth
  • uploads///Swot
    Company & Industry Overviews

    Weighing Altria Group’s Strengths and Opportunities

    Altria’s major strength is its diversified portfolio, which includes wine and beer assets. Altria has the most diverse business model among US peers.

    By Penny Morgan
  • uploads///RJR Tobacco
    Company & Industry Overviews

    Reynolds American’s Largest Operating Segment: R. J. Reynolds Tobacco

    R. J. Reynolds is Reynolds American’s largest operating segment. Its brands include the two best-selling cigarettes in the US, Camel and Pall Mall.

    By Penny Morgan
  • uploads///Acquisition
    Company & Industry Overviews

    Analyzing Reynolds American’s Strategy Behind the Lorillard Acquisition

    On June 12, 2015, Reynolds American completed its acquisition of Lorillard and related divestitures. Lorillard is now a wholly-owned subsidiary of Reynolds.

    By Penny Morgan
  • uploads///Famous Brands
    Company & Industry Overviews

    A Peek into Reynolds American’s Portfolio: Top-Selling Brands

    Reynolds American’s brand portfolio includes R. J. Reynolds Tobacco’s growth brands Camel and Pall Mall. It also includes support brands Doral and Misty.

    By Penny Morgan
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    Company & Industry Overviews

    Reynolds American’s Competitive Positioning: Porter’s Five Forces

    The US tobacco industry consists of a few tobacco giants. The industry concentration has increased with Reynolds’ acquisition of Lorillard.

    By Penny Morgan
  • uploads///Swot
    Company & Industry Overviews

    Obstacles to Altria Group’s Growth: Weaknesses and Threats

    Altria’s business faces threats of high scrutiny, taxation, and regulation. Prohibitions on cigarette sales and smoking bans in public places affect sales.

    By Penny Morgan
  • uploads///Seg
    Company & Industry Overviews

    Understanding Altria’s Wine Business Segment

    Altria’s subsidiary Ste. Michelle is a leading producer of Washington state wines. It owns wineries and distributes wines in several regions and countries.

    By Penny Morgan
  • uploads///Innovation
    Company & Industry Overviews

    Altria’s Heritage of Innovation and Investments in R&D

    Altria’s R&D expenses for fiscal 2014 were $0.2 billion, or 0.9% of net sales. Its R&D expenses upped by 9.2% in 2014, reflecting a trend toward innovation.

    By Penny Morgan
  • uploads///Nu Mark
    Company & Industry Overviews

    Altria’s Nu Mark Subsidiary: Innovation in Tobacco Products

    Altria has another core business subsidiary called Nu Mark, which is engaged in the manufacture and sale of innovative products, including e-vapor products.

    By Penny Morgan
  • uploads///Seg
    Company & Industry Overviews

    Altria Group’s Smokeable Tobacco Product Segment

    MO’s tobacco business segment consists of smokeable and smokeless tobacco products. The company’s smokeable tobacco companies include PM USA and Middleton.

    By Penny Morgan
  • uploads///Famous Brands
    Company & Industry Overviews

    A Closer Look at the Altria Group’s Brand Stable

    Altria’s brands include Marlboro, Copenhagen, Skoal, Black & Mild, and MarkTen, plus wines like Ste. Michelle, Columbia Crest, 14 Hands, and Stag’s Leap.

    By Penny Morgan
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    Company & Industry Overviews

    Porter’s Five Forces: Altria Group’s Dominant Positioning

    Altria is a dominant manufacturer and seller of smokeable products, smokeless products, and wine. Its tobacco-based premium brands face stiff competition.

    By Penny Morgan
  • uploads///SWOT
    Company & Industry Overviews

    Philip Morris’s Growth Hurdles Ahead: Weaknesses and Threats

    Philip Morris faces an exceptional level of scrutiny, taxation, and regulation. Global health consciousness and ongoing litigation also pose a threat.

    By Penny Morgan
  • uploads///PM Innovation
    Company & Industry Overviews

    Philip Morris’s New Innovative Products in the Reduced-Risk Tobacco Market

    Philip Morris now develops innovative products for adult smokers based on new technologies and trends. It aims to use reduced-risk products to compete.

    By Penny Morgan
  • uploads///Spin off
    Company & Industry Overviews

    Philip Morris’s Spin-off from Altria, with New Collaborations

    On March 2008, Philip Morris split from Altria. In 2013, both companies combined their marketing powers to revamp and distribute their e-vapor products.

    By Penny Morgan
  • uploads///Supply chain
    Company & Industry Overviews

    Philip Morris’s Initiatives to Boost Distribution and Manufacturing Channels

    Philip Morris oversees the distribution of tobacco products in more than 180 countries and territories and owns 50 manufacturing facilities across 23 markets.

    By Penny Morgan
  • uploads///cefdcdee
    Company & Industry Overviews

    Philip Morris’s Dominant Positioning in a Tough Industry

    Tobacco regulations make entry into the industry difficult. Different brands and substitutes pose threats, but Philip Morris keeps prices reasonable.

    By Penny Morgan
  • uploads///Intro
    Company & Industry Overviews

    Introducing Philip Morris International

    Incorporated in Virginia in 1987, Philip Morris is a leading tobacco company whose revenue in 2014 was ~$80 billion—$29.8 billion after excise taxes.

    By Penny Morgan
  • uploads///Total IG Bond Issuance for WE July
    Company & Industry Overviews

    CVS Health Issues Most High-Grade Bonds in Week Ended July 17

    PepsiCo (PEP) issued high-grade bonds worth $3.25 billion. The A1/A rated bonds were issued via the following five parts.

    By David Ashworth
  • uploads///Total IG Bond Issuance for WE June
    Company & Industry Overviews

    Reynolds American Leads High-Grade Bond Issuance in June 12 Week

    US corporates dominated high-grade bond issuance in the June 12 week—accounting for 56.5% of all the issues. US financials accounted for 8.4% of all the issues.

    By David Ashworth
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