Re: PM in talks to buy Swedish Match -it's a deal
Laughing.....agree with KROD.....what a surprise :-)
Think PM became fed up with MO go slow approach on iqos......guess MO wasn't keen on cannibalising Marloro FCF?? Credit PM with trying to resolve with MO then moving on. Look MO management have been HORRIBLE allocators of capital......list is long and wasteful......They can sit on strong FCF until something dislocates the FCF....iqos???
MO probably muddles along but capital appreciation looks illusive.....where does it come from??? juul,cronos, iqos competitor?? given MO's record.....not comfy betting on that?
Meanwhile PM moves and changes with market trends with leadership in most categories ?? IQOS distribution thru swedish match sounds a good and profitable route rather than dealing with atrophy that is MO management?
PM is the one, still got a little MO but not adding............
without strong USD....PM's EPS would be $10......shoulda coulda woulda