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

To: Kevin Podsiadlik who wrote (6226)	6/5/2001 1:09:22 PM
From: im a survivor	Respond to of 6439

Thanks.....so, whats up with you phillip morris folk....are yall getting in on the kraft ipo or not....think it's a good price at 27 - 30, or not...... TIA Keith

To: Kevin Podsiadlik who wrote (6226)	6/6/2001 7:12:43 PM
From: BigShoulders	Read Replies (1) \| Respond to of 6439

Kevin Re: Still, MO reported 2001 earnings from the Kraft division of $4.755 billion, so that only comes to 8.4 times 2000 earnings MO annual report indicates year 2000 operating income for Food of $4.755 billion. This is before taxes and interest expense. Not sure if depreciation and amoritization of goodwill has been subtracted. Maybe someone who has seen the Kraft prospectus can answer. PE should be based on net earnings not on operating earnings. If net earnings are 1/2 of operating earnings the PE is double. Again, there should info in the prospectus. Regards BS