Monday, June 21, 2004


I believe big tobacco will be even bigger in 25 years. First, taxation on cigarettes is a cash cow to American states. They cannot afford to lose this source of revenue. Second, Philip Morris's growth is coming from the international market. The richer China gets, the richer Philip Morris will become. I could definitely see spreading the risk to other companies such as SBC.


At 3:45 a.m., Anonymous Anonymous said...

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