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

To: Rarebird who wrote (2355)	9/21/1998 10:00:00 AM
From: Ralph Bergmann	Respond to of 6439

The narrow range in which we are trading today lets me assume that we will move up at the end of the day. I really hope that a 52 weeks high will be reached soon; this should start a lot of buying programs. Ralph

To: Rarebird who wrote (2355)	9/21/1998 10:35:00 AM
From: Ralph Bergmann	Read Replies (1) \| Respond to of 6439

Rarebird, based on the current market condition what do you think would be a reasonable PE (1999) for MO after a settlement with the states? In a report a few months ago MO was listed as the most successfull company of the last 20 years in front of Coca Cola. Shouldn't MO be valued at least with a similar PE like KO? With a PE of 30 and earnings of 3.52$ (1999) this would make over 105$. I am just wondering about the very conservative price targets of most institutions in the range of 50-60$. Ralph