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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 (2097)	8/17/1998 9:55:00 AM
From: Ralph Bergmann	Respond to of 6439

Obviously, funds are not interested in MO today. For me this is mot understandable after these news. Ralph

To: Ralph Bergmann who wrote (2097)	8/17/1998 10:08:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 6439

Whether right or wrong in principle, the Industry took a pragmatic approach in June 97 to settle. They did it to eliminate the risk associated with their stocks and to boost valuations for shareholders ( including themselves ). It remains to be seen whether that was a wise decision. The jury is still out here. Good arguments could be made on both sides of the issue. It reminds me of Kants theoretical arguments in the Critique of Pure Reason, where he presented logical arguments for and against the existence of God, Freedom and Immortality. Ultimately, as you probably know, they were accepted as postulates of Practical Reason. Your asking questions here, Ralph, that no one can give definitive answers to until the whole process is complete.