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

To: Duker who wrote (3599)	4/7/1999 9:00:00 PM
From: md1derful	Read Replies (1) \| Respond to of 6439

Thread: Wow, unbelievable sell off at close..she may go into the 20's and with that dividend yield, she'll be the stock of the next millenium!!! I will still continue to accumulate Jan 01 leaps, and maybe some Jan 02 leaps when they become available..if this company isn't vigorously buying back shares now then they have a screw loose..the market must be valuing tobacco negatively now...unbelievable...anything positive from the company, just anything should send her up again....

To: Duker who wrote (3599)	4/8/1999 9:24:00 PM
From: Demetre Deliyanakis	Read Replies (1) \| Respond to of 6439

Do you think this may be a precursor to an eventual sale of the brewing unit.? Last year they sold their stake in Molson Breweries of Canada. A few years ago, there were rumours that MO was interested in Pepsi and / or Campbell Soup. I'm surprised that no one commented last week on the 6th anniversary of Marlboro Friday. The stock was down about 20% on the news that they were cutting the price of Marlboro's in order to gain market share. At the time, the mood among analysts was that it was the beginning of the end for the brand dependant companies like MO and Gillette. Sure enough they were wrong. The recent doom and gloom over the litigation defeat is overdone IMHO. The current price is definitely a long term buying opportunity. I wouldn't be surprised if MO announces an increase in their shareholder buy back program in the next few months. At the current dividend yield, the after tax cost of the shares are probably higher than the after tax of the debt.