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Europe Implosion Should Offer Buying Opportunity For Philip Morris
Posted on | May 20, 2011 | Comments Off
Europe volatily has impacted the share price of Philip Morris Int’l (PM) negatively in the past. It is only a matter of time before the European Union has the **** hit the fan. The Euro is a screwed up currency because the stronger nations in the Union either have to bail out the weaker ones or kick them out. Greece, Spain, Portugal all have massive issues.
Philip Morris (PM) is way too high to buy right now even though I like the company very much. We need a major event to bring down European stocks and the Euro, and yes, Philip Morris. Keep your eyes open on what’s happening in the old continent.
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