I wish to add, my recurring themes .
1. The Congress is not as powerful as it thinks,
it to be.
And Clinton, a nothing of a man, nor a leader nor a president,
nor a statesmen nor anyone to look up to, (according the polls)
about the only thing he does well, is get his pants on and off
reeal quicccck. I do not believe he is a factor.
nor will he actually provide wisdom or solution. I believe that people will correctly see that this is a money grab.
In any event, there really is no more damage,
which they can inflict, except for a declaration
that tobacco is illegal. I am not sure how, a return
to prohibition, would work. We have already tried that
type of social engineering, 60 years ago, and it did not
work. More recently, it did not work in Canada, when
they increase taxes. (BTW, most recently Norway, REDUCED,
there tax on tobacco, in order to DISCOURAGE the blatent
smuggling)
2. Consider the break up value of MO.
3. BUT most important, consider the Federal Courts.
Tobacco seems to be winning, not on technical issues,
but in Law.
4. Consider, we have the three FEDERAL judges of the Appelate
Court reviewing, as we write, the lower NC judge's ruling
on FDA jurisdiction. A ruling in favor, of Tobacco, is
a giant bombshell, in the face of the opponents.
5. The street analyst's have no clue.
6. However, the analyst's on the institution's side,
the big insurance and pension firms, I believe, do have
some inside knowledge. (btw, I used to work for one of the
largest pension funds in the US, and I know that the calibre
of the analyst's at the pension funds is different than
the street) I see no exodus of selling from the funds,
witness, the decision of Yale University's endowement,
to keep, Tobacco stocks, btw, Kessler former FDA commissionar
went to YALE Medical School. (how about that! probable really
"galls" him. I believe some one at the endowment said in effect,
we will take care of the investments, and Dr. Keller can
take of the Medical School, thankyou, but ...it is not your
business...or something like that)
at Yale
7. ...and finally, do not forget the plaintiff's lawyers,
we have heard of $300-500 million in fees owed.
They get nothing with out a resolution of an ending.
8. I take Goldstone of RJN at his word. He's finished with
the Washington, D.C.
9. Back to damages, I believe that time is on the side of
tobacco.
10. ...all together now... and How much did MO make last quarter,
this past 90 days. Yell it out, I can not hear you.
And...what was return on equity.,...everybody...say it LOUD.
I think it is the Courts, that is the ace. Tobacco's card to play.
dk
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