Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 65.17

+1.6%

Feb 4 3:59 PM EST

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To: capitalistbeatnik who wrote (3522)	4/3/1999 7:21:00 PM
From: sea_biscuit	Read Replies (1) of 6439

Anti-tobacco Rulings Great for Investors (MO) Tuesday, March 30, 1999 "There are very few things that are predictable in the stock market," says buyback expert David Fried. "However, the feat reaction of investors to legal rulings against the tobacco companies is something that you can go to the bank with." For instance, on February 28, 1999, Fried recommended Philip Morris (MO) after a San Francisco jury ordered the firm to pay $50 million to a long-time Marlboro smoker with lung cancer, tripling what the plaintiff asked for. Fried says tobacco companies enjoy "an unblemished record in appealing these decisions" and recommended buying Philip Morris. On March 18, 1999, Philip Morris jumped from $38 to $42 on news that a federal court rejected a $2 billion lawsuit accusing cigarette makers of targeting less-educated blue- collar workers. Fried reports that the jury ruled for tobacco on all counts after just two days of deliberation. A Morgan Stanley Dean Witter analyst immediately reiterated his "strong buy" recommendation and the stock jumped. "If you did not heed our advice on February 28 then you have missed out on the first five percent of this profit making recommendation," Fried says. "However it is not too late to make money with big MO." He maintains a buy recommendation on Philip Morris. For more on David Fried's recommendation see "Hotline," March 1999, The Buyback Letter. David Fried provides wealth- building opportunities in companies repurchasing their stock. investools.com For a 30-day free trial go to: investools.com Join the discussion: The Buyback Letter investools.com -----------------------------------------------------------

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