Philip Morris International Struggles Despite Lower Taxes, Currency Strength

Things haven't gone perfectly for Philip Morris International (NYSE: PM)for a long time, and the Marlboro maker has had to deal with tough conditions in the tobacco industryacross the globe. Regulatory threats have become increasingly common, and Philip Morris has had to work hard to respond to the changing behavior among smokerswho are moving away from traditional cigarettes toward alternatives that they see as less harmful and potentially more socially acceptable.