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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.07-0.5%Dec 19 9:30 AM EST

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To: Jim Oravetz who wrote (6317)2/5/2002 6:57:16 PM
From: md1derful  Read Replies (1) of 6439
 
Some more Schwab stuff on MO:

Philip Morris Companies, Inc., R.J. Reynolds Tobacco Inc.
EPS (FY Dec): 2002E US$4.85, 2003E US$5.45 Market Outperformer Philip Morris Companies,
Inc.
MO, $49.32
EPS (FY Dec): 2002E US$8.30, 2003E US$8.80 Market Outperformer R.J. Reynolds Tobacco Inc.
RJR, $58.64
Trial is set to begin this week in two separate individual smoker cases, Schwartz vs. PM in
Portland, OR, and Burton v. RJR and B&W in Kansas federal court. We expect market
participants to pay closer attention to the Schwartz case given that it is the first individual
smoker case to take place in Oregon since PM’ s loss in the Williams-Branch case in 1999.
Notwithstanding these trials, we do not expect meaningful litigation news one way or the
other in the near term. We continue to believe that it is not timely to aggressively commit
fresh money to the tobacco sector, since resolution to key aggregated lawsuits is still at
least 12 months away.
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