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$MO 2Q15 Q&A: Christopher from Stifel asked about inventory movement, strength &volume across category, & Martin replied I think you're right to believe that inventories will smooth themselves out in back half. For PM USA, as you know generally they do smooth themselves out over course of year, so on comparative basis we benefited from that in 2Q15
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.