Nice analysis and great experiment over the long haul, billyjoe. It's an eye-opener and mostly confirms what a lot of people have suspected that happens to these stocks. I know I have been burned too many times by low priced stocks - think PRZ, PXPL, MCZ - to name just a few. (Wonder how Poormans is doing these days.) Thanks for keeping track of these! Good job! And good luck in your credit card battle with IBD! (Their excuse to me once was that, oh, we must have checked the automatic renewal box by mistake!) Have a Happy and Prosperous New Year. Riverbabe
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From another thread regarding Phillip Morris International spinnoff from MO
Originally posted by billyjoe View Post...While domestic tobacco sales are dropping , over 3.3% last quarter, international sales are increasing at the same rate. Outside of the U.S. revenues are more than 2 1/2 times our domestic sales. Last year totalling over 48 1/4 billion. PMI currently produces 15.4% of the world's cigarettes and is just getting into the market in China and India...
This might mean something to the traveler to China, but the following anecdote might mean something more to future Phillip Morris International investors: I was in the lobby of my hotel musing over the censorship blatantly exhibited in the local English written newspaper when I noticed another person doing the same while enjoying a cigarette of a brand that I had not yet tried. I motioned to him if I could have one of his smokes and offered a Marlboro Light in kind. He gave me his cigarette and told me that they were from Korea, and raised his eyebrows. As I tried to give one of mine to him, he shook his head and refused the smoke with a bad look on his face. My offer was rejected. Chinese customs are different than what most of us are used to... he rejected the Marlboro Light in disgust.
The Korean cigarette wasn't much better than the Chinese brands that I had sampled. It makes me wonder whether the rest of this large consumer market feels similarly to the stranger with the Korean cigarettes, and just how big of a piece of the Chinese pie PMI will actually get.
as a side note: I'll be going to India soon. Maybe I'll have to pick up some of their cigarettes and have them tested by my friends that might enjoy them? And maybe I'll have to offer a Marlboro Light to some smoking Indians. Personally, I've now moved onto enjoying cigars on occasion. The Philippines has some great tasting hand rolled brands worth sampling.Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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Originally posted by peanuts View PostFrom another thread regarding Phillip Morris International spinnoff from MO
I've been to China several times. I also used to smoke cigarettes (a habit that I am happy to have kicked, and wish the best to those who are trying to do the same) Of course, I sampled the local flavors while in China and couldn't really find any that match the Marlboro Lights to which I had become accustomed. The flavor of the Chinese cigarettes were woody and biting to the tongue; not at all enjoyable, in my opinion.
This might mean something to the traveler to China, but the following anecdote might mean something more to future Phillip Morris International investors: I was in the lobby of my hotel musing over the censorship blatantly exhibited in the local English written newspaper when I noticed another person doing the same while enjoying a cigarette of a brand that I had not yet tried. I motioned to him if I could have one of his smokes and offered a Marlboro Light in kind. He gave me his cigarette and told me that they were from Korea, and raised his eyebrows. As I tried to give one of mine to him, he shook his head and refused the smoke with a bad look on his face. My offer was rejected. Chinese customs are different than what most of us are used to... he rejected the Marlboro Light in disgust.
The Korean cigarette wasn't much better than the Chinese brands that I had sampled. It makes me wonder whether the rest of this large consumer market feels similarly to the stranger with the Korean cigarettes, and just how big of a piece of the Chinese pie PMI will actually get.
as a side note: I'll be going to India soon. Maybe I'll have to pick up some of their cigarettes and have them tested by my friends that might enjoy them? And maybe I'll have to offer a Marlboro Light to some smoking Indians. Personally, I've now moved onto enjoying cigars on occasion. The Philippines has some great tasting hand rolled brands worth sampling.
Those Korean Marlboro Lights probably tasted like Bull Durham no filters here."Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
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Originally posted by IIC View PostHave you ever seen cigarettes sold in the US that have "Not for sale in the US...For export only" or something to that effect?...I've bot some from some little store and I won't take them...Of course, the store owner buys them underground sans tax...But the exact same brand with that printed on it tastes nothing like the ones produced for sale in the US...The export only varieties are much stronger/harsher.
Those Korean Marlboro Lights probably tasted like Bull Durham no filters here.
To clarify, the guy offering me the Korean cigarette was not offering me a Korean Marlboro Light... it was a Korean brand that I cannot remember.Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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Originally posted by peanuts View PostNo, I haven't seen that labelling. But, honestly, I haven't been looking either.
To clarify, the guy offering me the Korean cigarette was not offering me a Korean Marlboro Light... it was a Korean brand that I cannot remember.THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Originally posted by riverbabe View PostSweet Pea, cover your innocent ears before it's too late! River (aka Mama)THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Originally posted by skiracer View Postgive those cigarettes up. you're smoking the wrong tobacco and it will screw your lungs and arteries up.
Heck...We all gotta die sometime."Trade What Is Happening...Not What You Think Is Gonna Happen"
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Originally posted by peanuts View PostNo, I haven't seen that labelling. But, honestly, I haven't been looking either.
To clarify, the guy offering me the Korean cigarette was not offering me a Korean Marlboro Light... it was a Korean brand that I cannot remember.
I've never had cigarette in a foreign country that I could stomach...I didn't start smoking till I was done with college sports...I smoke Parliament Lights 100's...Soft Pack...I can't even take the ones in the box...Sometimes I think if they stopped making the exact ones that I smoke that I would quit...But probably not.
Well...at least I don't smoke in the house...My wife would kill me if I did....Plus, I wouldn't want the odor in my house anyway."Trade What Is Happening...Not What You Think Is Gonna Happen"
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Originally posted by peanuts View Post... I also used to smoke cigarettes (a habit that I am happy to have kicked, and wish the best to those who are trying to do the same)...
I do not think that people who smoke need to stop; heck, it's their life.
I'm just glad that I did.Hide not your talents.
They for use were made.
What's a sundial in the shade?
- Benjamin Franklin
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