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


To: qcom who wrote (1317)4/7/1998 11:25:00 AM
From: Ralph Bergmann  Respond to of 6439
 
One thing I do not understand on this thread here is that everybody limits the tabacco business to the US. MO is selling worldwide! If the buisness is down in the US this does not mean MO won't sell any cigarettes anymore. Maybe it is hard to believe,but the world population does not only consist of 250 mill Americans, but of 6 billion other people too.

Regards Ralph



To: qcom who wrote (1317)4/7/1998 4:44:00 PM
From: Geoff  Read Replies (2) | Respond to of 6439
 
"'reevaluate its share buyback and dividend policies'? Is this just so they won't get in trouble later if the worst hits or are they warning of a dividend cut for real?"

If MO cuts its dividend, this stock is going to tank big time. One of the biggest reasons why people are still here is the fat dividend. The undervaluation of MO is notwithstanding, those who beleive it is undervalued are already in and will stay -- maybe buy more if the stock goes lower. But IMO there are many people who will jump ship if MO cuts its dividend. It would be a very negative signal to investors.