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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (4106)	7/6/1999 8:50:00 AM
From: Ralph Bergmann	Read Replies (3) \| Respond to of 6439

Md1, Ian, I think you are both going too far with your thoughts. The government may not let the industry go bankrupt, because the situation would be the same as in the 30ies during "prohibition time". They will do the hell not to repeat this part of history. If the US companies go bankrupt other companies will do the business and pay taxes abroad.The companies are not only giving settlement money, but are paying taxes according to their regular business. No, the reason for the bonds is simply that everybody wants to see and spent the money now, IMO. BTW, what rates do such bonds have? For this week I think the jury will remain stuck and we see a mistrial. I feel that the street waits until the Miami thing is done and then MO will recover considerably. Good luck ! Ralph