The Bottom May Be In For British American Tobacco [Forbes]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
bat.com/ir
Company Research
Source: Forbes
The company trades at just 6 times free cash flow. A recession-resistant product and a 10% dividend yield make BTI a valuable investment as risks around its U.S. business fade. ) once “We get paid, not for jumping over seven-foot bars, but for stepping over one-foot bars.” PROMOTED At 6 times free cash flow with a hidden asset, British American Tobacco PLC ( ) looks like a one-foot bar. As such, I am bullish on the stock. British American Tobacco is the world's largest tobacco company by assets. It has a dominant economies of scale position and a fast-growing non-combustibles business. Moreover, the company has historically enjoyed recession-resistant demand. Investors have been selling, due to some obvious headline risks, but I believe the stock may have already bottomed. A glaring value at 6 times free cash flow British American Tobacco took a non-cash write-down in 2023, affecting its net income and earnings per share. This had no effect on the company's cash generat
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News
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- HR Asia Best Companies to Work for in Asia Hong Kong 2024 Honors 53 Champions Ushering in a New Generation Workforce [Yahoo! Finance]Yahoo! Finance
- Could This Undervalued Stock Make You a Millionaire 1 Day? [Yahoo! Finance]Yahoo! Finance
- British American Tobacco p.l.c. (NYSE: BTI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Former U.S. District Court Judge Larry A. Burns Joins Judicate West as Neutral in San Diego [Yahoo! Finance]Yahoo! Finance
BTI
Sec Filings
- 5/17/24 - Form 6-K
- 5/16/24 - Form 6-K
- 5/15/24 - Form 6-K
- BTI's page on the SEC website