We are becoming increasingly concerned about the ability of Philip Morris to take a pricing increase within its US tobacco unit in 2003.
More Quotes from Martin Feldman:
The family reunion is a nice media expression. It's not really realistic at all. RJR has no interest in going back into the food business, ... Now it looks like it can buy 30 in cash for something less than that.Martin Feldman
Remember, Philip Morris is the biggest tobacco company in the world, it is primarily known as a tobacco company, it produces about a trillion cigarettes a year, and here it is actually now beating the biggest food company in the world (Nestle) in terms of food profits, ... So it's a gigantic deal for Philip Morris.
Martin Feldman
Philip Morris is my favorite name in the group. I do like the stock at this point for three key reasons. One, I think litigation has been over-discounted. Two, the earnings growth does remain very attractive. And, third, I expect Philip Morris to enhance shareholder returns very significantly over the course of the next year or so,
Martin Feldman
Yes there has been bad news but it's all in the stock. At this point, it is very attractive. It's certainly more attractive than RJR or UST,
Martin Feldman
It will be perceived positively. It will improve their margins.
Martin Feldman
This has essentially devastated the most threatening legal aspect of the claim to the tobacco industry.
Martin Feldman
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