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Jump to full article: Motley Fool, 2008-06-27 Author: Morgan Housel
Intro: Here's a news flash: Recessions slaughter stocks. . . .
The most attractive part of newly independent Philip Morris International (PMI) is, well, the international part. If you can look past the ethical issues of investing in cigarette companies, PMI has something the tobacco industry hasn't seen in a while: huge growth potential. PMI is the market leader in 11 of the top 30 international tobacco markets, and it's making headway in some of the world's fastest-growing markets, including China, India, Brazil, and Vietnam -- countries whose people smoke like chimneys and whose economies aren't besieged by a subprime glut.
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