Showing posts with label philip morris. Show all posts
Showing posts with label philip morris. Show all posts

Tuesday, December 20, 2011

Russia Plans to Ban Tobacco Philanthropy

In the United States, there is a big debate among nonprofits about whether some sources of charitable donations are offensive. Some groups have developed “gift acceptance” guidelines identifying categories of generally corporate donors whose grants are to be avoided as antithetical to the recipient’s values. Typical categories are corporations that manufacture handguns or liquor, tobacco or cheap Rich cigarettes. But there are plenty of people who would argue that a nonprofit would be foolish to turn down money regardless of the source, that many kinds of corporate money are questionable if one digs deeply enough into how the money was made, and that the source doesn’t really matter so long as the funds are used productively and positively (or charitably). Either way, it is not legislatively mandated by the federal government or any state government that a nonprofit cannot accept grants from Smith & Wesson or Philip Morris.

Thursday, December 8, 2011

Philip Morris International: A breakout Buy

Philip Morris International (PM 0.00%) sells cigarettes such as Marlboro and Virginia Slims in 180 countries, generating annual revenues of $75.3 billion. The stock was floated back in early 2008 -- as a spin-off from Altria Group (MO 0.00%) -- and traded near 50 at that time. Since hitting its bear market low around 33 in 2009, the stock has been driving higher strongly. The stock's 12-month performance shows the issue appreciating 29% versus a 1% gain for the S&P 500 index. Its momentum indicator is strongly bullish. And the accumulation-distrib​ution line compliments the price action of the stock. That indicates good buying supporting the breakout.