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

To: Geoff who wrote (1320)	4/7/1998 6:50:00 PM
From: wire	Read Replies (1) \| Respond to of 6439

Geoff, IMO MO will likely raise the dividend if the settlement falls apart and could cut the divy if a settlement is reached. This would be offset by the expansion in the p/e that the market would no doubt award it. Like a few recent posters have said buy at the most pessimistic time. When the market is assured of which way this deal will end up the stock will move big time. Markets hate uncertainty!!

To: Geoff who wrote (1320)	4/8/1998 8:57:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 6439

Concerning the Dividend and Stock Repurchase Program: From MO's 1997 Annual Report: " Considering the uncertainty surrounding the proposed domestic tobacco resolution, we considered it prudent to suspend our stock repurchase program, and to HOLD our dividend at the current annual rate of $1.60 per share." Geoffrey C. Bible, CEO and Chairman of the Board February 24, 1998 I remember when Woolworth was trading at $14 and had a 7% dividend a few years back. When they eliminated the dividend completely for restructuring purchases, the stock rallied sharpely, and has since more than doubled!