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 59.01

+0.5%

Nov 28 9:30 AM EST

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To: Hopkins who wrote (4941)	10/27/1999 1:55:00 PM
From: Hopkins	Read Replies (1) of 6439

I like BAT's chairman, he doesn't seem to be afraid of speaking out (unlike Mr. Bible). Litigation sparks BAT appeal to shareholders By Simon Anderson Brown & Williamson BRITISH American Tobacco, the world's second-largest cigarette manufacturer, urged its shareholders yesterday to rally to the support of the tobacco industry to protect their investments. The move comes as BAT's share price remains under intense pressure from litigation in the United States, including an unprecedented Department of Justice lawsuit comparing tobacco companies to the mafia. Martin Broughton, the company's chairman, said œ5.8 billion had been cut from BAT's market capitalisation by the fresh bout of litigation. He said: "Where is Wall Street's voice? If there ever was a case for active shareholders - here it is. That's your money as shareholders. . . If [US attorney-general Janet] Reno gets away with this, which of your investments is going to be next?" telegraph.co.uk HOPKINS

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