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

To: Larry S. who wrote (16769)	4/9/2003 7:07:24 AM
From: Demetre Deliyanakis	Read Replies (1) \| Respond to of 78525

I agree. I have been following the lawsuits since 1997. I have owned MO off and on since Marlboro Friday in April 1993. Legal troubles are the best time to buy MO Every few years the tobacco sector is hit with a lawsuits. MO claims to have never actually made a payment on any tobacco lawsuits. The states won't allow big MO to go bankrupt. They will gradually impose heavier fines and taxes on the sector,but won't kill it. The states are hypocritical, because they were supposed to use the $250 billion over 25 years to treat people dying from cancer etc, but instead used the money to cut taxes and other government projects. I would never invest in tobacco bonds, but have no problem owning KFT or MO. KFT is undervalued relative to its peers. I would buy MO at $28. I have a position in the stock with an ACB around $34. The 8.5% dividend is hard to resist.