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

To: Worswick who wrote (1620)	5/19/1998 9:06:00 AM
From: Pierre Aydin	Respond to of 6439

OXHP plunged because of their management mistakes regarding computer system upgrade and internal accounting problems, it went from growth stock to zero growth, also the people use to own OXHP were momentum investors, you know what happens when they start dumping a stock. MO is totally different ball game , they are a money machine with sound business, all this senate stuff is BS, they just want to milk it, all this will be forgotten and MO will reach new highs, elections are coming soon so I wonder what will happen to all these Senators. Pierre

To: Worswick who wrote (1620)	5/19/1998 9:13:00 AM
From: Rarebird	Read Replies (4) \| Respond to of 6439

It appears that the toughest of all tobacco bills will pass the Senate. There are just not enough votes to counteract the Resentment and Greed. At this point, if this bill is passed, I'm wondering if it even pays for MO to have a domestic tobacco business. Clearly, MO will probably lay off half their domestic tobacco work force, if this bill gets through the House also. Although I see the current price of $35.25 as dirt cheap, I do think it will get cheaper, around the $28-30 level, and then bounce into the upper $30's. We are now in the midst of the last wave of selling; the selling will climax within a day or two of the passage of this Mcain bill. At that point, everything will be truely discounted and there will be no fear and uncertainty left, just the harsh reality. Tobacco made a big mistake in agreeing to the deal last June. It provided the ammunition and momentum for the Mcain bill. It was taken as an admission of guilt and wrongdoing by its adversaries. As investors, we need to assume here that the Mcain bill will pass and become Reality. Where does MO go from here? What should management's strategy be to enhance shareholder value? To use this thread as a vehicle to whine and complain accomplishes nothing. We all know deep down that Life has never been fair and injustices have always existed throughout history. Can we address these questions as long term investors in MO: Is MO a worthwhile investment in light of the Mcain bill? What type of growth can we expect going forward? Should MO get out of the domestic tobacco business? What should Management's strategy be after the Mcain bill?