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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (6001)1/11/2000 6:54:00 PM
From: Peter V  Read Replies (1) | Respond to of 10293
 
Although I have to admit I was unaware of the SEC action, I knew they settled the shareholder suits a while back

biz.yahoo.com

but in any event, it should close the book on the past wrongdoings for the company and clear the decks for growth and a brighter future. (I hope)



To: Bill Wexler who wrote (6001)1/11/2000 8:40:00 PM
From: Bill Wexler  Read Replies (5) | Respond to of 10293
 
STRONG BUY RECOMMENDATION: PHILIP MORRIS (MO)

The stock has been burned to the ground on concerns over ongoing tobacco litigation.

I'm betting that the litigation problem will be resolved *without* it being necessary for MO to protect itself in bankruptcy. The fact of the matter is that these cases have consistently been struck down on appeal, and the U.S. Supreme court recently sent a clear message that it sides with tobacco.

I think that we have seen the peak of American anti-tobacco sentiment in 1997-1999.

I am also doing a simple thought experiment;

Will I walk into a supermarket in 10 years and still see Philadelphia brand cream cheese, Oscar Meyer hot dogs, Miller beer and (gasp) Marlboro cigarettes?

MO has a long history of returning shareholder value, it is a near-certainty that they will do something to unlock it even if the tobacco unit stagnates. Spinning off the foods division alone will easily return $50 a share+.



To: Bill Wexler who wrote (6001)1/11/2000 8:43:00 PM
From: Paul A  Read Replies (1) | Respond to of 10293
 
Loading up on IFMX..

very upset that my friends broker, AG Edwards called her today and advised her to sell.. She was unable to reach me so she dumped a huge position. He told her that the company was being investigated by the SEC..

Do these people even bother to read the news wire? For the commissions they make, my discount broker gives me more of an effort..

oyyy...

I sold my COMS today and will try to get in below 40.. Its been a back and forth battle like you mentioned, and ill either buy again at a break above 50, or below 40.. what the hey,.. !