Philip Morris Stock

Philip Morris was became incorporated in the United States of America in 1902 and began is global expansion in the tobacco business. In the 1950s the company started to venture outside of just tobacco products. The also became part of Miller Brewing Company, Kraft Foods, and North American Food, not to mention all of the industry segments such as domestic tobacco, international food, international tobacco, beer, and financial services. In 1980, Philip Morris purchased Kraft Foods and General Food. By the year 2000, the company had settlement claims filed against the U.S. tobacco industry which opened up new doors on tobacco issues. Why should you invest in Philip Morris. Well, basically they have one fo the best stocks in the Dow Jones. They are the envy of many others due to their high financial position. Just in the last year, they have brought in over 15 billion in free cash flow. They have a very minimal debt and it has a very appealing dividend with a very bulky cash position. They do gain about 8 percent, but that should steer you away; this company does very well for itself. It is known that the Philip Morris business’ tend to be immune to any type of financial recession mainly due to consumers who smoke. During tough times, smokers tend to smoke more which means buying more cigarettes

which only helps Philip Morris gain more profits and they stay a float. Studies have shown that during low economic falls and stressful times, consumers will buy less food, gas, and merchandise, but will continue to purchase the same amount of cigarettes or even more. Philip Morris stock in 2002 was priced at $4.57 per share. If Philip Morris can keep meeting its estimates year after year, the stock will remain fairly cheap, not as low as in 2002, but it will still be low. Most shares are earning somewhere between three and five percent, which isn’t much, but when it all adds up it is quite a bit. This is the main reason that Philip Morris is such an attractive stock to invest in.