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

To: Tony D. who wrote (2069)	8/14/1998 1:25:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 6439

The charge was to be expected. MO did it last quarter and will probably continue to do it in the future. Clearly, a settlement is needed. Saw a Dow Jones News Headline about an hour ago that said US appeals court blocks tobacco regulations from the FDA. Anyone have more on this story?

To: Tony D. who wrote (2069)	8/14/1998 1:34:00 PM
From: don kramer	Read Replies (2) \| Respond to of 6439

-3 Cents off of 2Q. Ok., MO is upfront, about this... A one - time issue involving an additonal charge due to Texas agreement. Ok. It is over and done with. MO management not hiding with odd or strange accounting practices. The charge is done. Nothing has changed, The Appeals Courts, are dealing with the with one of the big issues, as predicted, ruling in favor of Tobacco on rules of law ( The yesterday's curious FL. decision, places the burden back on the plaintiff's. ). It is now , the middle of August. Talks continue in secret witih the remaining AG's. It is a question of patience, time, ...begin accumulating more MO. This time next year. You will look back and cherish those dividends, and capital gains. I added to my position yesterday, and today. Patience. This is a bet the ranch investment. IMHO, dk