Plain Packaging Coming to UK; New Tax in Indonesia...
No longer is PM immune to onerous regulation and higher excise taxes in formerly "prime" geographies. A meagre ten percent dividend increase was the catalyst for heavy institutional selling. There is little reason to hold PM, when LOWER regulated domestic firms such as MO, RAI and LO yield much more -- with materially less execution risk.
Buy MO, RAI, LO. Sell PM. The trend is down. Much further down.
interesting...might you have insider information about institutional planned selling? pump the price down [shorts in place]...buy back low price goes back up -- of course there are other ways to accomplish but maybe this shows capital gains for the 3rd quarter report [Sept 30th]...might be all wet, just a thought...should not surprise an individual investor; if one can hold on to the coat tails of those that rig the market, you can have your cake and eat it too