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Strategies & Market Trends : Value Investing

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To: Larry S. who wrote (16702)	3/29/2003 2:12:59 PM
From: lifeisgood	Read Replies (1) of 78666

Larry, I agree that there's no way the Federal or state governments will allow tobacco companies to go BK. They simply are too much of an easy money supply (believe me, the government benefits more financially on the short term than tobacco companies from the addictive nature of tobacco). Also, while it may appear that other tobacco companies are in as much trouble as MO, it's not true. RJR has a much stronger and robust balance sheet than MO, pays a higher dividend, and relies less on tobacco sales. In the early part of this century, the government learned the hard way that you can't stop people from drinking and that it's better off taxing the hell out of alcohol rather than prohibiting of hindering it. The same is true for tobacco. As an aside, alcohol is as dangerous as tobacco. What's next, suits against beer producers??? best... LIG

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