Over the past two years alone, PM stock has surged 68%, and in the past 52 weeks, it has climbed 12%. On a year-to-date (YTD) basis, the rally has been even more impressive, with shares up about 22%, rising nearly 36% from January lows of $116.12.The tobacco stock might look like a shaky bet at first glance—smoking rates are falling worldwide, and traditional tobacco faces growing regulatory pressures. Yet when we look at the stock’s long-term performance, the picture tells a very different story. Since its ...