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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: Theo Karantsalis who wrote (6314)4/11/2002 1:03:14 PM
From: sea_biscuit  Read Replies (1) of 6439
 
Got the annual report yesterday. Looks great. Nearly 10% increase in dividend last year. Rest of the stuff is as usual -- the nuns with the 300 shares or whatever want to put the company out of business. That proposal will be defeated, as usual.

Re: the pension assumption, the report says that it assumes a return of 10% going forward. I think it's too high. What are the implications of say, 6.5% return, on the bottom-line? Hopefully not so bad as to affect the dividends.
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