British American Tobacco: A Relative Safe Harbor In The Face Of A Potential Market Correction [Seeking Alpha]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
bat.com/ir
Company Research
Source: Seeking Alpha
BTI's financial performance is strong, with impressive revenue growth and profitability metrics. The stock is undervalued and has a potential 46% upside, making it a compelling investment opportunity. Investment thesis The stock market continues growing impressively in 2024, with big tech and semiconductors continuing to fuel the rally. In my opinion, the greedier investors are, the higher is the probability of a stock market correction. Since growth stocks are usually more vulnerable to corrections, I am now looking at potential high-yield safe harbors. The British American Tobacco ( NYSE: BTI ) stock looks like a high-quality defensive stock with a massive 9.6% forward dividend yield. The business is highly profitable and the balance sheet is healthy, which makes the dividend yield safe. The stock is massively undervalued due to the secular decline in cigarette smokers, but BTI looks like a very solid short-term play to weather the potential short-term storm in growth stocks.
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BTI
News
- E-cigarette and Vaping Market To Reach USD 29.4 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- British American Tobacco: A 'Hybrid Value' Opportunity [Seeking Alpha]Seeking Alpha
- South Africa Tobacco Market Report 2024, Featuring 28 Company Profiles Including JT International, British American Tobacco, Philip Morris, Gold Leaf, Carnilinx, Vape Africa, Vaperite and Vape Studio [Yahoo! Finance]Yahoo! Finance
- WHERE ARE THE ANTI-TOBACCO LOBBY GROUPS? [Yahoo! Finance]Yahoo! Finance
- The senior managemet team of All Universe visits the tobacco plantation base in Kelantan, Malaysia. [Yahoo! Finance]Yahoo! Finance
BTI
Sec Filings
- 5/3/24 - Form 6-K
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- BTI's page on the SEC website