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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?


To: Michael Burry who wrote (2660)9/5/2000 3:20:30 AM
From: Freedom Fighter  Respond to of 4691
 
Mike,

>>UST's risk exposure is 180 degrees different than MO's. I've been pounding the table on that for a while.<<

My impression of Buffett's comments were that he was avoiding tobacco for "socially conscious" reasons and not economic ones. Perhaps he views snuff differently in that regard also. When I was a shareholder of UST, the suit threats were an issue that occasionally rocked the stock with the group, but less so because of reduced and less fatal forms of cancer.

Wayne