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 64.14

+3.0%

3:59 PM EST

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To: Duker who wrote (3599)	4/8/1999 9:24:00 PM
From: Demetre Deliyanakis	Read Replies (1) of 6439

Do you think this may be a precursor to an eventual sale of the brewing unit.? Last year they sold their stake in Molson Breweries of Canada. A few years ago, there were rumours that MO was interested in Pepsi and / or Campbell Soup. I'm surprised that no one commented last week on the 6th anniversary of Marlboro Friday. The stock was down about 20% on the news that they were cutting the price of Marlboro's in order to gain market share. At the time, the mood among analysts was that it was the beginning of the end for the brand dependant companies like MO and Gillette. Sure enough they were wrong. The recent doom and gloom over the litigation defeat is overdone IMHO. The current price is definitely a long term buying opportunity. I wouldn't be surprised if MO announces an increase in their shareholder buy back program in the next few months. At the current dividend yield, the after tax cost of the shares are probably higher than the after tax of the debt.

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