Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rob Rob who wrote (1301)	4/3/1998 4:57:00 PM
From: Xpiderman	Respond to of 6439

Philip Morris Cos. (MO) 40 +1/16: tobacco and consumer products concern to raise the price of cigarettes by $0.05 per pack..... This year is congressional election year, they cannot let people feel the tobacco companies have the upper hands. So I don't think there will be a deal this year. But on the other hand, both the White house and the congress need the settlement $$$ to balance the federal budget. Xy

To: Rob Rob who wrote (1301)	4/3/1998 5:30:00 PM
From: dper	Respond to of 6439

<I'm still not convinced that you can directly affect an individual's purchase through direct advertising. > I agree with most of your post, but the advertising world is full of data that suggests that it is indeed effective. If the results didn't bear that out, would MO (or anybody else) spends millions of its' shareholders' profits? Agreed that there is a lot of self-serving BS and hypocrisy being dished out here by politicians. These jokers are guilty of every underhanded method of disinformation imaginable; for them to criticize Big Tobacco (or anybody else) is laughable. dper

To: Rob Rob who wrote (1301)	4/4/1998 1:05:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 6439

What is going on here is quite Real and not " BS ". There is a lot of hatred, vengeance and hostility here on the part of Congress and the President. The resentment seems to be based on a few factors: 1) Adding additional nicotine to cigarettes in order to make it more difficult to quit. 2) Marketing to children, via Joe Camel Ads. 3) Denial that nicotine is addictive. 4) Politics: The tobacco industry is staunchly Republican Conservative. With all this being said, I think that MO will come out a winner in court. I see no problem in marketing to children with the intent of them becoming smokers in the future, as adults. Moreover, if the industry did add additional nicotine or other substances to make sure smokers remained hooked, I don't see that as a reason for the tobacco companies to be liable for a smoking related death. The original decision to begin smoking in the face ( or denial ) of the health risks is the original cause of death. The tactics of Congress and this Administration is purely Mobster like intimidation at this point. The real question here is if the tobacco industry is strong enough to withstand the onslaught. I know MO can handle the heat here because of their cash position and great management team. RN seems to be cracking here as the new legislation may very well cause them to go bankrupt. I'm extremely Bullish on MO, and quite patient. Most investors don't have the guts, character and courage to invest here. In spite of a possible 10% downside risk here, the " Smart Money " is loading up on the long side and buying aggressively on the way down.