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Stock impact report

Imperial Brands: Not A Fat Pitch Any Longer, Downgrade To 'Hold' [Seeking Alpha]

Philip Morris International Inc (PM) 
Last philip morris international inc earnings: 4/21 06:59 am Check Earnings Report
US:NYSE Investor Relations: pmi.com/investor-relations/overview
Company Research Source: Seeking Alpha
Imperial Brands led the tobacco sector recovery, with a ~200% total return from bear market lows, surpassing Japan Tobacco, Philip Morris, Altria, and British American Tobacco. At its nadir, Imperial Brands traded at just 5x P/FCF and offered an 11% dividend yield, reflecting extreme negative sentiment. Investors who bought the stock during peak pessimism have been rewarded with stellar returns as sector sentiment rebounded. At the current 13x P/E, the margin of safety is gone. Slow-growing companies should be bought at low valuations in order to achieve high returns and low risks. Imperial Brands isn't the fat pitch it once was, and I am downgrading to "Hold". J Studios/DigitalVision via Getty Images It has been a while since I last covered Imperial Brands ( IMBBY ). Since my initial analysis , the share price has risen by 43.48%, and the total return has been 57.43%, even outpacing the NASDAQ. This article was written by Analyst's Disclosure: I/we have a beneficial lo Show less Read more
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