Finding value in this very bullish market isn’t the easiest task. While most stocks only go up and up, some stocks are struggling a bit more. Two of those stocks are called Altria and Philip Morris – two companies we have seen often as a watchlist recommendation here at Stockles.
I continue to believe that the market is wrong and overreacting on both companies. Many of my thoughts can be seen in previous Watchlist updates. I think I write something about both companies in watchlist May or April.
So, today, I bought 20 shares of Philip Morris International at $79.77 which adds 91 USD to my dividend income.
Here’s what Philip Morris is saying about the future
We’ve built the world’s most successful cigarette company,
with the world’s most popular and iconic brands.
Bold. Just the way I like it. A company being able to see that the world is changing, and they will do everything they can to adapt.
What more, Since 2008,
#PM has had an annual yearly return at 9.61% and returned 161% against SPY at 175%.
Look at that crazy profitability. ROI at 40% and insane margins. Even more, the free cash flow per share is increasing too which atm gives us a 24% positive free cash flow margin. That is just an amazing number!!!!
The amount of shares are going down.
Can management use my money to create shareholder value? In other words, Increase ROIC?
Hell yeah they can
That’s it. I am very pleased with my entry and hope to collect my shares should the market continue to doubt PM.