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Non-Tech : Bill Wexler's Dog Pound
REFR 1.997+13.5%Nov 21 9:30 AM EST

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To: Bill Wexler who wrote (6004)1/12/2000 10:17:00 AM
From: Don Westermeyer   of 10293
 
Bill, glad to see your positive recommendation on MO.

Seems like the market has discounted the tobacco component of the company to zero already. No where to go but up.

Once the Florida case that has been getting all the press is resolved much of the selling pressure will be off of the stock. The market fears that those the jury in the case will bankrupt the company. It seems unlikely to me that any jury can hold that kind of power.

At least MO pays a juicy dividend while this kind of stuff gets worked out.

One thing though - from my understanding reading analysts reports is that MO cannot spin off their non-tobacco interests to protect themselves from litigation.
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