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

To: Thomas Haegin who wrote (1965)	7/22/1998 4:31:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 6439

It is probably no news to you folks that some smar value investors like Robert Sanborn, Kurt Feuermann and Brian Rogers are holding MO... Not to mention Sandler of the Clipper Fund, and David Dreman of the Kemper-Dreman High Return Fund -- both well-known value managers. Also, Dreman is the author of a current bestseller on "Contrarian Investing". As for his performance as fund-manager, his long-term record speaks for itself. Dipy.

To: Thomas Haegin who wrote (1965)	7/23/1998 8:40:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 6439

True, MO was real cheap, but there was a lot of risk with that McCain bill on the table. Only the die hard value players bought. I bought every day for a long while when it was under $40. But there were days I bought while I was bitting my lip and clenching my fists. Ultimately, I knew MO would prevail over Big Brother. If PFE did it in 93, I knew MO could also do it. Interesting parallels: when I began to panic in 93 and got depressed and began to lose some faith, PFE turned around like MO yesterday. We have definitely turned the corner here. As I've said repeatedly before, no great gain without a lot of pain first.