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Strategies & Market Trends : Value Investing
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To: Craig Bartels who wrote (9017)11/26/1999 5:56:00 AM
From: valueminded  Read Replies (2) of 78602
 
Craig:

Agree with other poster who said asbestos = bankruptcy. In this case, I fully expect the lawyers to pile on the judgements to the tobacco companies. I also fully expect those judgements to far exceed the expected earnings of those companies. Once this becomes proveable, which in my opinion is a matter of time, they declare bankruptcy, reorganize, wipe out the liabilities, and move offshore where most of their sales and profits are anyway.

Basically, the common stock investor loses, the companies lose, the employess lose. Govnt pats itself on the back (ps you have to wonder what they have been doing with the taxes on cigarettes for the past decades anyway. billions upon billions)

good investing.

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