Martin Feldman Quotes (18 Quotes)

We are becoming increasingly concerned about the ability of Philip Morris to take a pricing increase within its US tobacco unit in 2003.

It gives this tobacco company an icon that no other tobacco company has. Their production facilities are able to use economies of scale, so it is a huge advantage for them.

A deal that the tobacco companies will sign into if there is going to be one, will involve structuring a new tax and a regulatory regime that is not really exportable.

This jury has not heard any evidence concerning the conduct or decisions of individual smokers, ... Simply the inclusion of that evidence in phase two could mitigate against an award of damages of the size that Stanley Rosenblatt is seeking.

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.

He didn't have any particular expertise in the industry with all of the legislation and the legal issues surrounding the industry. This was an opportunity to get out at a nice profit.

If a settlement can be achieved valuations would be expected to improve quite substantially, ... I could see Philip Morris perhaps getting to around 70, but that's a big 'if.'

RJR's international operations is much weaker than the others, ... It still presents better growth than its domestic business. But its margins have been shrinking.

So if I was buying into tobacco, I would acknowledge the sector is high risk. It is high risk and there's a lot of uncertainty but Philip Morris is the only one I'd be buying.

Over the long term, I believe an investment in the tobacco sector is still extremely good for shareholders.

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,

It would be imprudent for RJR to pay down any of its existing debt,

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,

In our opinion, Clinton raised the subject of a federal suit against the tobacco industry because of the relatively safe political outcome from such proposals. He did not make these comments because the prospects for a federal case against tobacco have improved.

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.

This has essentially devastated the most threatening legal aspect of the claim to the tobacco industry.

It will be perceived positively. It will improve their margins.

I think litigation is not getting any worse in the United Kingdom. In the United Kingdom and in Europe, (liability potential) is infinitesimal compared to the United States.