Tuesday, June 21, 2011

Question about fundamental value of Phillip Morris stock?

The stock is up 65% since June 2010. I can't understand how Phillip Morris stock could have added over $50 billion in market cap when it only made $7.26 billion in 2010 of which, after dividends $2.83 billion was retained. I know that there is strong growth overseas and the dollar is weak but I still don't understand. Thanks for any help!

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