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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 (2417)	9/29/1998 2:08:00 PM
From: Geoff	Read Replies (1) \| Respond to of 6439

Agreed. The settlement remains the straw that will break the shorts' backs. But I've been thinking, if MO beats earnings estimates, I would expect that would likely propel MO higher, regardless of a settlement. Right now it seems that a very high premium is being placed on beating estimates, especially when the estimates have not been lowered! Actually it looks like according to First Call, that within the last 7 days, analysts have revised MO's Sept98 earnings estimates upward from $0.72/share to $0.83/share. Perhaps a very good sign. MO Jun98 Sept98 FY 98 Current Mean EPS: 0.82A 0.83 3.17 7-Day Ago Mean EPS: 0.83 0.72 3.17 Recent Price:46.40 FY 1998 30-day ago EPS: 3.17 Current EPS: 3.17 P/E: 14.60 FY 1999 30-day ago EPS: 3.53 Current EPS: 3.53 P/E: 13.10 later, geoff