Motley Fool analyst Anand Chokkavelu highlights a possible buying opportunity in tobacco giant Philip Morris International (NYSE: PM).

U.S. investors normally only have two choices when picking up international exposure in individual stocks: ADRs (foreign companies listed on U.S. exchanges) or U.S.-based companies that do a bunch of business in foreign countries, like Coca-Cola. Coca-Cola does well over half its business outside the United States.

If you don't mind investing in tobacco, Marlboro-maker Philip Morris International offers us a rare third option. Thanks to the 2008 break-up of Altria (NYSE: MO) (U.S. operations) and Philip Morris International (everywhere else), we have a U.S.-based company that does all its business internationally. You get the oversight and corporate governance of a U.S. company and the diversifying growth opportunity of a foreign stock.

And it's starting to look darn tempting at today's prices.

He explains further in this video: