Reported 1 day ago
The bullish viewpoint on British American Tobacco (BTI) highlights its recent recovery amid regulatory clarity and improving fundamentals. The share price increased significantly following the withdrawal of the FDA's menthol ban and a favorable Canadian court settlement, allowing BTI's smokeless products, especially the Velo brand, to contribute to growth. With stable profits, disciplined capital allocation, and an attractive valuation at 11x forward earnings, BTI presents a compelling investment opportunity despite a recent stock rally.
Source: YAHOO