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

To: Stoctrash who wrote (2104)	8/17/1998 11:13:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 6439

Fred, MO doesn't hedge. So, of course, their subject to the currency risk and it Has affected their bottom line, like most of the other multi-nationals. I think last quarter they got hurt on that end to the tune of 190 million. Secondly, we are in a Bear Market here. MO is up about 7.5% since the Bear began. With a 4% dividend and BT's impressive string of litigation victories, along with the Clinton presidency in shambles, this stock is one of the great safe havens in this market. Things are reaching a climax here and a resolution on BT's terms is forthcoming, I think, soon. I view the talk of the Administration's possible lawsuit, as an act of Desperation with absolutely no foundation, which will get CRUSHED and THROWN OUT of the COURTS. I also see a Republican landslide in the mid-term elections, which is very positive for BT. I see MO considerably higher by Labor day. Sorry for the wait, Fred, but I do also have other responsibilities, such as my work and family.