In today's edition, Austin looks at Philip Morris (NYSE:PM) through the lens a of buy, sell, or hold filter. As a shareholder, Austin continues to remain bullish on the company. Major reasons for his enthusiasm include its strong dividend, a relatively low payout ratio, the Marlboro brand, and a track record of strong free cash flow. In an industry where many of the largest and most established companies are seeing weakness, volume declines, and job cuts, Philip Morris stands out as a high-conviction buy.
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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 don't 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.