Philip Morris is set to acquire an Indonesian tobacco firm so they can better tap the markets in countries where the truth about cigarettes and the companies who deal them is less evident.
As one analyst explained: “The Third World environment typically presents a lot of opportunity for growth.”
When that truth (that the growth will be in the number of new cancer cases) does become more obvious in these third world countries, I can guarantee you that those who live there will not limit the blame to specific companies. The worst case scenario is not a shorting of Altria’s stock.
This is the why they hate us story unfolding in real time. Stay tuned.