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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.69+0.6%3:59 PM EST
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To: RWilson who wrote (1376)4/14/1998 8:39:00 AM
From: Rarebird  Read Replies (3) of 6439
 
RW: The discrepancy between Perception vs Reality is where big money is made or lost in the stock market.
The Perception here is that Congress and the President are in the early stages of passing a bill that will devastate the tobacco industry.
The Reality is that such a bill ( the Mcain bill ) will not become law. Whatever is passed will contain strong liability protection or the vultures will not have their money to spend. Intimidation won't work here and opposition to enactment of the Mcain bill will prevent its passage. Just remember: "they" need the money by June and won't get it without the approval of the tobacco industry. Raising the price of a pack of cigarettes will not give the vultures the money they need for their programs. Uncertainty here has created an unique opportunity. One can buy MO's domestic and international tobacco business at this point for nothing. The Reality is that it is not worth nothing.
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