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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.24+0.3%9:31 AM EST
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To: im a survivor who wrote (6224)6/5/2001 12:33:33 PM
From: Kevin Podsiadlik  Read Replies (2) of 6439
 
I don't think it will go quite as ballistic as KKD, just because it's so big. As far as valuation goes, it would actually be $40 billion, since $8 billion only represents 20% of the shares outstanding. Still, MO reported 2001 earnings from the Kraft division of $4.755 billion, so that only comes to 8.4 times 2000 earnings. PE ratio doesn't sound like much of a worry.

The date I have for the IPO is June 13.
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