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

To: Ralph Bergmann who wrote (1694)5/29/1998 10:39:00 AM
From: Jacques Tootight  Read Replies (1) | Respond to of 6439
 
<but leaves still my question open how a spin off would work.>

If your question is one of a general nature you could review the AT&T spinoff of Lucent or the more recent Campbell Soup spinoff of Vlassic.

If your question is specific to Phillip Morris, this company is not, I repeat NOT going to spinoff any operating divisions. Time spent trying to value those divisions for that purpose is a waste. Current CEO was approved by BOD in great part because he would NOT consider any plan to split up company. Tobacco is the cash cow that feeds the growth of the other divisions. Period.

RC



To: Ralph Bergmann who wrote (1694)5/29/1998 12:29:00 PM
From: Rarebird  Respond to of 6439
 
Ralph, MO is a great diversified consumer products company. A spin off
would take away from its value and makes no sense here in this political environment.


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