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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Floyd Stern who wrote (7450)	5/6/1999 8:59:00 PM
From: Floyd Stern	Read Replies (1) \| Respond to of 18933

Re: Phillips Morris...Merrill Lynch things the 18 month target is $45/share. They think the odds of the two big jury awards in California, and ?? will be reduced. I read the piece quickly, but they think cash flow justifies $45/share and that the market has over-reacted even though these were legal losses. They also like the share buyback which is substantial. At least for now, the cash flow is still great. I guess brokerage analysts don't look beyond the next 18 months. Maybe we should start MO in AIM, and as the price goes up (hopefully() AIM will sell it off, piece by piece. The problem is that if MO falls again and we are using AIM to manage the investment, we will faced with buying MORE! Floyd