British American Tobacco: Recent Underperformance Is Not Indicative Of Value Here
BTIBAT(BTI) Seeking Alpha·2024-06-20 12:06

marchmeena29 Early this year I issued an article on British American Tobacco (NYSE:BTI) arguing that the multiple is so low that it provides an inherent safety in terms of keeping the downside risk limited. Plus, the argument was that so depressed multiple warrants a very enticing entry point for investors to capture high yielding dividend streams. In addition, looking at the underlying business profile it was clear that the business is at a much safer position than what could be implied by the multiple (i. ...