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

To: Ralph Bergmann who wrote (2549)	11/1/1998 11:19:00 AM
From: Geoff	Read Replies (2) \| Respond to of 6439

Just got back last night in time for Halloween parade here in NYC, and was awakened just now by a call from a friend asking about my trip, but he told me MO hit 52 while I was gone! It seems reasonable to think that the first thing MO will do to reward its loyal shareholders, us, is to resume and increase the scale of its stock buyback program. That would be a sure winning move down on the street. Second move would be a dividend increase. Now, MO could announce both at once, but I would doubt it. I would think a dividend increase would come in 1Q 1999, with a buyback announcement preceding it in 4Q 1998. I haven't had time to read all the news re: the settlement, or the progress in the Engle case, but things seem to be pretty much where I left, with the exception that "the deal is done" between the states and tobacco. I still wait to see the formal announcement before I buy my first pack of cigs, Marlboros of course, and smoke my first and only cig, in my show of solidarity to Big MO. As for the letter Jay got, I agree with DK, don't sign anything you don't understand. I haven't received any letter from Philip Morris, and own a lot in my brokerage account under street name, and as a registered shareholder on MO's books as a DRIP investor. Looks like this October turned out to buck the trend, DJIA up 9% for the month. Just like the street, once everyone knows the trend, it stops happening. later, geoff