Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 64.96

+1.3%

2:58 PM EST

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To: Cosmo Daisey who wrote (1999)	7/27/1998 9:04:00 AM
From: Geoff	Read Replies (1) of 6439

"Safe Harbors" article from Steven Leeb's "Personal Finance" Newsletter: ======================= Philip Morris is the kingpin of tobacco companies, boasting such world-leading brands as Marlboro and Benson & Hedges. The company gets nearly half of its revenue from a bevy of recession-resistant products such as Miller beer and Kraft, as well as household brandnames acquired from General Foods. Big MO's biggest headache is the threat of punitive tobacco legislation and litigation in the U.S. But with a growing percentage of revenue coming from overseas and other non-tobacco businesses, that risk is receding. Moreover, with pro-tobacco Congress members flexing their muscles, there seems to be little chance punitive legislation will pass, and battles in the courts are likely to remain tied up for years. And the stock's rock-bottom valuations already reflect a draconian scenario for tobacco suits. Buy Philip Morris up to 45. ================== Maybe the street is starting to wake up and pitch MO. later, geoff

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