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

To: md1derful who wrote (1825)	6/17/1998 9:47:00 PM
From: Geoff	Read Replies (2) \| Respond to of 6439

Excelllent News! I didn't have time to check today, but when I saw MO darting back up on my Yahoo ticker I knew something big went down. I assumed it did, and sure enough, my prayers were answered! However, the uncertainty is not gone. Something will emerge, I doubt it will be as bleak as that crackpot McCain Bill, but you can be the ranch that this ain't over, those anti-tobacco folks are going to try something. But let's get back to basics. How about that $50 million ad campaign by Kraft foods that will showcase Velveeta with Kool-Aid, Jell-O with Oscar Meyer Lunchables, Maxwell House with Breyer's Yogurt, the possibilities are endless. I think its a wonderful idea, use the bigger brand names to help the ones that are struggling. Time to send in my check for next month's DRIP purchase, boy do I love to DRIP MO, too bad every time I go to market to buy MO, some crushing news comes out the next day? I've learned my lesson, be patient, and DRIP MO all the way to the bank! Ha ha ha! Good luck everyone! It's good to have some time to write to the thread again... geoff

To: md1derful who wrote (1825)	6/18/1998 8:40:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 6439

" Would the next step be to somehow get back to the original agreement with the attorney generals from last June? " Slick definitely got out slicked here by greater strategists and thinkers. The money was on the table; but Greed and Resentment held sway and they got Nothing. I think there is a lesson here for everyone to digest. I'm not sure what the next step is. In retrospect, it's easy to say that the tobacco industry made a big mistake in negotiating the deal last year with the attorney generals. The only reson for negotiating was the liability protection, which the McCain bill had no interest in upholding. I think the tobacco industry is better off without any settlement. Without the excise tax, they continue to have pricing power. The Minnesota settlement cost 4 cents a pack. They will hold their own in court, but the results will be mixed and inconclusive. The problem of an extremely hostile administration still remains for the time being. Personally, I think Clinton may see again a strong backlash in the mid-term elections, as he did in 94. I think many people are fed up with this big brother, big interventionist government mentality. The key, long term, is if the Republicans can put forth a strong independent candidate who is conservative on economic issues but liberal on social issues in 2000. Gore would be worse for the tobacco industry than Clinton.