If You Have to Buy a Cigarette Maker, Here Are 3 Reasons Why It Should Be Philip Morris International Stock

If you are looking at cigarette makers, you have probably been attracted by Altria's (NYSE: MO) ultra-high 7.7% yield and British American Tobacco's (NYSE: BTI) even more generous 8.4%. Although Philip Morris International (NYSE: PM) doesn't have nearly as high a yield, at "just" 4.5%, it is probably a better all-around option in the tobacco space.Here are three key reasons why.The big problem with tobacco companies is that cigarette volumes have been heading lower for years. Altria's volume fell 11.5% in the first six months of 2024, while British American Tobacco's decline was 12.5% in the first half of the year. These are not good numbers, but neither are they unusual. This has been an ongoing decline.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool