The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin talks about why he owns shares of Philip Morris. At the top of the list is its high dividend, brand strength, and international focus. Being an internationally focused company, Philip Morris doesn't have the same threats of litigation, taxation, and regulation that other domestic companies have. Austin also talks about a few trends he watches to know whether or not he should sell shares.

Some people don't like investing in sin stocks, and that's fine too. There are other great domestic companies you can buy that are profiting by going abroad in a big way. You can learn more in our report: "3 American Companies Set to Dominate the World." The report won't be available forever, so we invite you to enjoy a free copy today. You can access it by clicking here. Enjoy, and Fool on!

Austin Smith owns shares of Philip Morris International. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Philip Morris International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.