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.
More Quotes from Martin Feldman:
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.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
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.
Martin Feldman
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.
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
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
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