Calls
1
Jacek Olczak
CEO, Philip Morris International (PMI)
Win Rate
100.0%
return
+13.3%
Loading charts...
Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Long
Mar 07
$169.98
+13.3%
Olczak states that 40% of Philip Morris International's revenue is now "smoke-free" (IQOS and Zyn). He projects Zyn shipments to more than double from 421 million cans in 2023 to over 1 billion in 2026. The market historically discounts tobacco for terminal decline in combustibles. However, PM is successfully transitioning to a growth multiple business (Oral Nicotine/Heat-not-Burn). If Zyn volumes double, revenue quality improves, warranting a re-rating from "value trap" to "growth staple." Long PM as the clear winner in the nicotine transition, specifically for its ownership of Zyn (US growth engine) and IQOS (International scale). Regulatory crackdowns on flavored pouches; potential long-term health studies linking pouches to cardiovascular issues.
Olczak states that 40% of Philip Morris International's revenue is now "smoke-free" (IQOS and Zyn). He projects Zyn shipments to more than double from 421 million cans in 2023 to over 1 billion in 2026. The market historically discounts tobacco for terminal decline in combustibles. However, PM is successfully transitioning to a growth multiple business (Oral Nicotine/Heat-not-Burn). If Zyn volumes double, revenue quality improves, warranting a re-rating from "value trap" to "growth staple." Long PM as the clear winner in the nicotine transition, specifically for its ownership of Zyn (US growth engine) and IQOS (International scale). Regulatory crackdowns on flavored pouches; potential long-term health studies linking pouches to cardiovascular issues.
Tobacco & Nicotine
Showing 1 of 1 calls · sorted by mentions
Choose a mentions count to open ticker posts.
Jacek Olczak has 1 trade ideas tracked on Buzzberg across 1 tickers since March 2026. Most covered: PM.
