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

To: Geoff who wrote (2526)	10/22/1998 11:08:00 AM
From: md1derful	Read Replies (1) \| Respond to of 6439

G: When you get a cold, do you go Ker-choo,choo, baby...he he he

To: Geoff who wrote (2526)	10/22/1998 11:15:00 AM
From: Paul Shread	Respond to of 6439

Great info, Geoff. I still think we have room to 60 -- and by the end of the year, too. The stock can't move up without some recognition of MO's value, so I'm not too worried about all the hype. The tale of the tape is very strong here. Paul

To: Geoff who wrote (2526)	10/22/1998 11:20:00 AM
From: Ralph Bergmann	Read Replies (1) \| Respond to of 6439

"But if you look at some of the other consumer growth names -- like Coke and Gillette -- Philip Morris is putting up better numbers." This is the basic point and represents my opinion for some time now. It is my impression that public opinion is basicly changing about MO. For too long MO was considered to be the dog of the DOW with no prospect due to legislation, suits etc. What comes to the surface is the fact that this attitude is not correct anymore. The possible effect of legislation and settlemtent charges are not unthinkable and without limit anymore. The way out of the tobacco disaster is there and is recognized. IMO we have the chance that MO will be valued fundamentally higher. And it is surely no wishful thinking that the price could rise by the double within a short time period due to the different evaluation. I always considered price targets of 60$ to 70$ for too low (compared to KO etc.) Ralph

To: Geoff who wrote (2526)	10/22/1998 2:11:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 6439

Someone needs to buy high, and higher ... I don't think the scenario has to be that way. Back in 1981, reasonable people paid $1.75 for a share of MO. And now in 1998, reasonable people are paying $50 a share. Note that in both cases, the buyers were (and are) reasonable people! There was no need for a "greater fool" to show up and take the stock off the seller's hands! The constantly rising earnings/dividends simply made the price appreciation happen. Just stay invested in MO. The superb management of the company and Father Time will take care of the rest. Dipy.