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

To: im a survivor who wrote (6250)	6/13/2001 9:47:42 PM
From: Ian@SI	Respond to of 6439

GS must be looking for the next piece of investment business having missed out on the KFT deal. Philip Morris (MO) 48.30 -0.27: Goldman Sachs reiterates RECOMMENDED LIST rating and 12-month price target of $70-75; expects stock to trade up to $51-53 today, as Kraft's (KFT) IPO price of $31 was above the high-end of the original range; stock offers a 40%-plus upside potential by mid/late 2002 is based on accelerating EPS growth due to improving tobacco fundamentals, faster food profit growth and financial leverage; the 'tobacco taint' discount is likely to narrow as the legal picture continues to improve; believes that market participants will bid up the value of tobacco business based on current comps

To: im a survivor who wrote (6250)	6/14/2001 9:24:47 AM
From: md1derful	Read Replies (1) \| Respond to of 6439

The other nice thing about putting an actual stock price on kft is that it shows you how ridiculously underpriced Mo was at any price below 30 or so..effectively valuing tob and beer at zero...with kft rising from here....any selling of mo gets silly as the sellers are stuck selling an asset at values well below cash value...way, way too tempting a morsel for the hoards of value investors out there...so a little instability here as the dumb money leaves and the smart money enters doc