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To: Larry S. who wrote (47577)	4/7/2003 4:48:55 AM
From: Larry S.	Respond to of 53068

More on MO, KFT: MO proceeding on appeal to Illinois courts for reduction of bond. Citing 1998 Universal Settlement that prevented states from additional suits. KFT - Kraft foods, a division of Altria, which is the parent of KFT and Philip Morris, is being crushed along with MO in this legal battle. Concern is KFT will be dragged down with MO. KFT, trading at 28.50, predicting '03 earnings of 2.10 to 2.15, and owner of some of the best know food brands in US, is becoming even more of a value play than MO, with less of the taint. This is a big game of chicken. Illinois prosecuter offered to suspend bond in exchange for non-refundable payment to plaintiffs (aka bribe). MO refused, because of precedent it would set (though they already have done so in florida). stay tuned. wall street's latest game of chicken. MO's threatening of April 15th payments to states (from Universal Settlement) has the states runnings scared. THEY NEED THAT MONEY, and the future continued cash flow. MO, and KFT, are shaping up to be incredible buying opportunities, imo, (unless they BK, of course). Kinda reminding me of the re-fi situation with some of the IPPs. keeps things interesting. larry