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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 64.56+0.7%10:40 AM EST
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To: md1derful who wrote (3623)4/9/1999 11:40:00 AM
From: Lin Lee  Read Replies (1) of 6439
 
I don't what company is doing now but looking at
historical shares outstanding, there number
has not gone down significantly. What I'd like
to see is shares outstanding decrease by at least 2 to
3 percent a yr. At current market value, the MO needs to
spend ~850 million to retire one percent of stock.
A small dividend increase just to make people notice
ther yield would be nice but bulk of cash should be
spent on share buyback IMHO.
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