Philip Morris (MO) Message Board

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Non-Tech : Philip Morris (MO)

MO 57.32

+1.1%

Nov 4 3:59 PM EST

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To: JMS who wrote (20)	3/23/1997 2:19:00 PM
From: Jack L. Dlugach	of 50

That's right and, besides, is there really anything new in all this Liggett business--I think we already knew that smoking is a health hazard and that tobacco executives are a pretty sleazy bunch. The only "shocker" was that offer by Liggett to pay 25% of its pre-tax profits for the next 25 years; if they all end up with that kind of payoff, that will probably kill the stocks in the short term. However, MO's cash and stock buybacks and dividends and upcoming stock split make it a very enticing investment. I also like RN because the major part of that company is Nabisco unlike MO which is really dependent on the tobacco side; although Kraft General and Miller and all that other stuff are also very valuable assets, they account for a smaller percentage of the income stream than Nabisco does with RJR. At any rate, I think these stocks are already apparent "bargains" and if they do get cheaper, then they're definitely worth a buy. I'll buy back MO if it gets back under 100 and RN if it gets back under 30 (I sold that one for 34 last time I held it).

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