Word: priced
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Dates: during 2000-2000
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...know, is that cigarettes are killers. Many people avoid the stock on moral grounds, opting for such high-performing angels as Citizens Index Fund or Domini Social Equity Fund. Others shun it because they figure the industry is doomed. Last week lawyers hit Big Tobacco with a price-fixing suit. Next month a Florida jury could find the industry liable for damages of $100 billion or so in a class-action case. (Even if the case survives appeal, though no money will change hands for at least a decade.) It's highly unlikely, but possible, that following some huge judgment...
...reasoning is simple: the company has too much money. It spent $7.6 billion last year in dividends and stock buybacks. At today's share price that's enough cash to self-fund a buyout over six years--a good indication the stock won't sink much lower and stay there. Robert Sanborn, manager of the Oakmark Fund, estimates that without raising prices or touching the dividend, Philip Morris could pay $10 million a day--$2.5 billion a year--without twitching. Oakmark has a large stake in Philip Morris (and a small stake of Kadlec dollars) and has doggedly held...
...Along with Abuzz.com Askanexpert.com Knowpost.com and Xpertsite.com Expertcentral is a kind of collective brain made up of thousands of self-appointed experts who will answer virtually any question, no matter how mundane or inane, for free. Other websites, such as Keen.com and Exp.com do the same thing for a price...
...Average retail price per gallon of heating oil--nearly double the price from last winter...
...civic-engagement enthusiasts who see it as a way to reverse the decline in voter turnout. Then there are the Internet buffs; they think the Internet is going to change everything, so why not politics? Most important are the entrepreneurs developing software for online voting. Imagine the retail price of that software, then multiply it by every state and municipal government, and suddenly a lot of Internet capitalists develop a deeply felt concern for boosting voter turnout...