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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 59.01+0.5%Nov 28 9:30 AM EST
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To: qcom who wrote (1317)4/7/1998 4:44:00 PM
From: Geoff  Read Replies (2) of 6439
 
"'reevaluate its share buyback and dividend policies'? Is this just so they won't get in trouble later if the worst hits or are they warning of a dividend cut for real?"

If MO cuts its dividend, this stock is going to tank big time. One of the biggest reasons why people are still here is the fat dividend. The undervaluation of MO is notwithstanding, those who beleive it is undervalued are already in and will stay -- maybe buy more if the stock goes lower. But IMO there are many people who will jump ship if MO cuts its dividend. It would be a very negative signal to investors.
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