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

To: AgAuUSA who wrote (1593)	5/16/1998 4:39:00 AM
From: Thomas Haegin	Respond to of 6439

Mike Price is a regular guest at the annual Barron's Roundtable interview. He sold out his shop to Franklin Resouces about 18 months ago or so, but still manages the Mutual Series funds (billions in assets). He is pretty smart and independent in his investment decisions, as far as I can tell. At the moment he also is invested quite heavily in HMO like OXHP for example. He follows a value oriented style and at times take an active approach in talking/pressuring to management. Thomas

To: AgAuUSA who wrote (1593)	5/16/1998 7:45:00 AM
From: Jera Poole	Read Replies (1) \| Respond to of 6439

I saw that interview and got more of a non-committal feeling from Price. Sounds like he feels the uncertainty is too great to consider it a value stock but those less risk averse could make their own judgement. JP

To: AgAuUSA who wrote (1593)	5/16/1998 9:49:00 PM
From: Benchman	Read Replies (2) \| Respond to of 6439

I don't know Michael Price, but, if the rumor is true, you are right, that is good news. Heck if everyone thinks the rumor is true, that's almost as good anyway :-) Next week has the potential to be real good, IMO. I think that the worst case scenario legislative wise has been factored in to the stock price, i.e., $1.50 pack tax over 3 years, and an $8 billion cap on liability. I for one don't think that scenario will be approved. So, if we get something better, I would imagine the stock will go up. We shall see..... Rob.