giancarlopagliaroli

Philip Morris, maybe it’s time to sell and buy lower

Short
NYSE:PM   Philip Morris International Inc
PM is my favourite defensive stock but i do not fall in love in investment. I like the dividend but I like more selling at higher prices taking secure at home my currently 38% of unrealized profit since 2020 when I bought shares at $72

I don't like the European Commission proposed recently to ban the sale in the EU of flavoured heated tobacco products after a big rise in their consumption.

I don't like more the recently price breakout below rising support as depicted in the figure.

I realized an app with python and tradingview's data to make automatic fundamental analysis and calculate PM's intrinsic value at near $72 (calculated on my forecast of EPS and 3 years investment horizon)

This week is crucial for my decision. I will like to buy again at fair value (maybe incrementing position at my buy value) after this breakout.


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