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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.52+0.8%2:48 PM EST
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To: Xianming Liu who wrote (6145)3/15/2001 6:41:38 AM
From: Theo Karantsalis   of 6439
 
Hi XL,

"A price of $75 by summer would require a 6 month forward P/E of about 18.4. While reaching $75 by summer is possible, it is not very likely."

A forward P/E of 18.4 sounds wonderful in this market. You reinforce my argument.
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