Good Time to Buy Stock in Philp Morris International?

Sure there are problems, writes the Wall Street Journal’s Market Watch, like the widening global ban on smoking in public, most recently in Russia, and the growing popularity of e-vapor cigarettes. Global cigarette sales, by volume, continue to decline because of these trends. But here’s the key: Philip Morris has been warning about these trends all year, and by now they seem priced in. “Our key takeaway is that the absence of any new issues results in less risk,” says Morgan Stanley’s David Adelman, who has a “buy” rating on the stock.