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


To: Christopher White who wrote (1503)4/30/1998 9:23:00 PM
From: Cosmo Daisey  Respond to of 6439
 
Chris,
Thanks for the interesting post. If you open your refrigerator and look inside you will find that at least 1/2 of the food is marketed by our company but the most profitable side of the business is the tobacco industry. Congress is punishing our company and the other tobacco companies unfairly. Its known that smokers die younger than non-smokers, there are more former smokers in the US than smokers. The health hazards are probably a balance considering the death rates. The nursing homes aren't filled with 75 year old smokers that we taxpayers will have to support for 20 years. This may be a hard look at the facts but an accurate one. Congress has gone too far and our company must fight back.
cdaiseyPhD@justice-for-tobacco.com



To: Christopher White who wrote (1503)4/30/1998 10:30:00 PM
From: Tony D.  Read Replies (1) | Respond to of 6439
 
Not too sure if I agree with your comment that "Things are much more serious for MO today than they were for MRK in '92-'93". From what I remember, the fear was that most health care companies like Merck would lose up to 60% of their revenues. All I am saying is that IMHO, this comparison is valid. Whether or not it ends the same (favorable for shareholders) remains to be seen.

Good Luck,

Tony D.