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


To: don kramer who wrote (1882)6/23/1998 7:49:00 PM
From: Rarebird  Read Replies (1) | Respond to of 6439
 
Hatch- Feinstein Bill:

Is this a bill that the tobacco industry should accept? It certainly removes the Uncertainty in regard to class action lawsuits. If passed, the share price of MO will clearly rise fairly quickly into the mid to upper 50's at the very least. Is this Congress capable of passing such a bill? Is it in the long term interests of the tobacco industry to accept the Hatch- Feinstein bill? What type of growth company does MO become if this bill is enacted? Short term, we all profit here handsomely, if this bill is passed. But there are theoretical or moral issues here for long term investors in MO. I'm interested in hearing all different viewpoints.



To: don kramer who wrote (1882)6/23/1998 7:52:00 PM
From: Cosmo Daisey  Respond to of 6439
 
don,
Just think, the MO lawyers were sharply criticized for sitting around doing nothing during the trials. One judge even asked them if they were sure they didn't want to cross examine a witness that had presented damaging testimony. In hindsight it seems like they had a plan, get to appeals.
Coz