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

To: Ian@SI who wrote (4168)	7/7/1999 9:31:00 PM
From: John Carpenter	Read Replies (1) \| Respond to of 6439

I never understood why MO agreed to pay the state AG's hundreds of billions over 25 years for selling a legal product that the states had already taxed. I suspect MO mistakenly believed that "the Street" would award a higher multiple to the part of MO's cash flow not earmarked for the settlements. Not only is there not a higher multiple awarded to MO's shares after the settlement, the company still finds itself vulnerable to numerous suits, both from individuals and the federal government. Alcohol and cholesterol rich foods are bad for you too. Soon, juries will award people damages for foods and beverages they choose to indulge in, arguing that the foods and beverages are "defective or not fit for their intended use." I'm afraid we'll all be paying more for these products to line the pockets of the trial lawyers and the whining "victims" who refuse to take responsibility for their own actions and seek to enrich themselves at the expense of the rest of society who pays more for the price of the product.

To: Ian@SI who wrote (4168)	7/8/1999 6:04:00 AM
From: Duker	Read Replies (2) \| Respond to of 6439

FTSE 100 opens higher, BAT shows resilience [FWIW --Duker] Thursday July 8, 5:04 am Eastern Time LONDON, July 8 (Reuters) - Britain's FTSE 100 jumped to within reach of its lifetime high on Thursday, after an expected steep fall for cigarette company British American Tobacco (quote from Yahoo! UK & Ireland: BATS.L) failed to materialise. Analysts feared the company's shares could drop five percent after the industry suffered a huge courtroom defeat in the U.S. But confidence that the decision would be overturned on appeal meant the shares were cushioned. BAT fell 1.5 percent or 8-1/2p to 562p by 0821 GMT. Imperial Tobacco (quote from Yahoo! UK & Ireland: IMT.L) and Gallaher Group (quote from Yahoo! UK & Ireland: GLH.L) were unchanged. The FTSE 100 initially spurted up 0.8 percent to 6,649.5 but by 0822 the benchmark index was up 25.2 points at 6,622.6. The FTSE's lifetime high set on May 4 was 6,663.8.