3 Reasons Why This Tobacco Giant Is a Smoking Hot Buy
As the Oracle of Omaha, Warren Buffett's first rule in investing is to never lose money, and rule No. 2 is to never forget rule No. 1. For investors who take this advice to heart, the best way to minimize your risks of losing money in investing is to buy stocks whose business model you understand -- at or below fair value.
One company with a business model that is easy to understand is the large-cap tobacco stock Philip Morris International (NYSE: PM). Let's dig into the three reasons why I believe Philip Morris International is a buy for investors who don't have ethical concerns related to tobacco investing.
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Source Fool.com
