SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Michael Burry who wrote (7024)5/2/1999 8:28:00 PM
From: James Clarke  Read Replies (1) | Respond to of 78750
 
re: tobacco
There's a business page article in the New York Times today on asbestos liability. That could very well be your precedent in tobaccos stocks. Scary. The difference between tobacco and asbestos is that nobody ever made 60% return on equity making asbestos. I would buy Philip Morris in the 30s, but I agree with Mike, this is not by any means a no-brainer.

JJC