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

To: md1derful who wrote (2207)	8/29/1998 12:13:00 PM
From: Mike Sesan	Respond to of 6439

I have to say one thing. As long as the market goes down people smoke more so revenues for MO keep going up. .02

To: md1derful who wrote (2207)	8/29/1998 12:27:00 PM
From: Rarebird	Read Replies (2) \| Respond to of 6439

MD, tobacco is not a big part of LTR's business. LTR is owned by the Tisch's: It's mostly Insurance, consumer finance, hotels and theater. The turn off for me here is LTR's Return on Equity, which is only 8.21%, whereas MO is 42.29%. The Stock is trading at a low multiple but the Tisch's have been doing a lot of selling this summer in the upper 80's range. All the tobacco companies will benefit from a settlement. From an investment standpoint, I think you have to ask yourself the Question: Which company would I be comfortable holding if there is NO settlement?