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

To: Ryan Hess who wrote (11713)	1/4/2001 1:28:12 PM
From: Bob Rudd	Respond to of 78549

<<But I missed buying MO at 18. That was a good bet>>In hindsight, at this moment in time it looks like a good bet. I can nail bottoms all day long off historical charts, but a lot of real smart people dropped big bucks on the way down to 18 and I doubt those owning it now are out of the woods. Two years ago, asbestos looked like a non-problem -in the past year several large companies that produced it 30 years ago are either BK or near it. These legal things just keep coming back. I suspect there's still a good chance MO's profits will end up co-opted by legal and regulatory interests before the decade is out - they won't go BK - they just won't have anything left for shareholders.