10-22-2021, 12:01 PM
Revisiting this thread. I'm actually siding with Kerim's thesis here for many reasons. The fact that the ESG crowd shuns tobacco is a positive, in my mind, because it helps keep the P/E ratio low. Even if menthol gets banned in the U.S., they sell to almost 200 countries. The price is low, it's trading at 7x-8x earnings. The dividend is high at >8% but it is well covered by profits. Their revenue is actually growing. They have new products that are growing very rapidly. I'm actually considering backing up the truck (responsibly) on BTI.