PM Int'l sells a lot of cigarettes
850 billion a year. On a per-dollar basis, with PM you're getting 2X more in cigarette volumes over MO and 3X more than Lorillard. I know domestic tobacco can charge more for their cigarettes because the US is (or was) a rich country, but how long can this discrepancy continue? At some point, prices should equalize and PM will turn out to be the better investment, no?