29 ordspråk av Martin Feldman

Martin Feldman

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 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,

 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.

 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.

 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.

 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.

 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.

 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.

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

 We do not believe that the scale of this award will remain intact, and the appeal prospects appear good.

 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,

 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.


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