Re: PM investor day
Just got around to listening to investor day.......agree, rarely do you see a Swiss person excited....rarely, he was very excited. Heat induction gets around breaking blade issue and cleaning device. It's a good improvement on iqos. Plus there is no button to push, insert new heet and it turns on automatically. Reckon the taste experience improves, it's already very good, so improvement a bonus. Sometimes, current model gets mildly harsh if not cleaned every pack or two. Sounds like a winner and PM are in the process of huge lead if not dominance of HNB category. BATS are way behind.....way behind, their unit is huge and cumbersome and hardly available anywhere. Unless BATS has something in pipeline......PM dominates HNB ......it's over. PM has 2-3 year lead.
So, it's no rocket to the moon for PM, but we like slow and steady appreciation nest pa?? Gotta be 10-15% EPS growth next 3-5 years.......At current p/e 12/13......good space!
Take your point KROD, they may want to package up combustibles at some point.....hard to believe, but may make sense to blow it out .......IQOS could dominate entire market next 3-5 years if things go well.....