Research analyst Austin Smith discusses future prospects for Philip Morris. Although volume declined last quarter, this trend is somewhat distorted. This is because Philip Morris had above-expected sales last year because the Japanese tsunami removed Japan Tobacco as a competitor. Accounting for this distortion, Philip Morris actually grew, and the tobacco company's future looks stronger than you may think.
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Austin Smith owns shares of Philip Morris International. Isaac Pino has no positions in the stocks mentioned above. 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.