Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: md1derful who wrote (4164)	7/7/1999 8:22:00 PM
From: Demetre Deliyanakis	Read Replies (2) \| Respond to of 6439

tonight on cnn moneyline, Martin Feldman , the tobacco analyst at Salomon Smith Barney made several positive comments on MO. He thinks that the stock will be at $60 within a year despite this verdict. In Phase 2 of the trial ,the damages will be more difficult to assess. He feels that the plaintiffs will have a very tough case. 5 of the 9 plaintiffs have had their case statute barred already. In the past , MO has fallen for a few days after a negative verdict in tobacco legislation, only to recover within a few months. I suspect that the same will happen here. I think that last year's settlement with the states, ensures the long term survival of the industry. The states are very dependant on the money from the settlement. I don't think they would let the companies go bankrupt. If the stock fell below $35, I would be a buyer. Demetre