It doesn’t look like Phillip Morris International (NYSE: PM) is suffering too much due to CVS Corporation’s (NYSE: CVS) decision to pull cigarettes from its shelves. This producer and distributor of tobacco and tobacco-related products has its sights set on something larger than the shrinking U.S. cigarette market of $1 billion to expand into Mexico and Algeria. And with potential growth in Asia, this tobacco company is set up to continue profiting and handing out a solid dividend well into the next decade. Is it time for you to light up your portfolio?
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