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(4,076)    About a month ago, I recommended that investors take
advantage of the recent fall in shares of cigarette giant Philip
Morris (PM). The stock had dropped about $12 off its 52-week
high and was trading for $82.39. For those that entered around
those levels, they have made a nice short-term profit. However,
the recent rise in shares has pushed the name up to the higher
end of its recent range. The valuation is becoming a bit
stretched at this point, and the stock is probably due for one
of its $4 pullbacks I've referenced several times. Philip Morris
is getting expensive again, and for those looking to enter or
accumulate here, you may want to wait.  Current Expectations
When comparing Philip Morris, I've looked at four other names,
which I'll stick with, for consistency. They are Lorillard (LO),
Altria (MO), Reynolds American (RAI), and British American
Tobacco (BTI). The follow