If you look at the share price of British American Tobacco (
BATS.L) you may be left thinking this is a company to avoid. On December 6th, 2023, the prices tumbled after it took an impairment charge of about $31.5 billion, mainly related to its struggling U.S. cigarette brands. The number of people who smoke is in steep decline.
In as short a sentence as possible: the stock has had a real battering for quite some time. Take a look at the chart below in figure 1.
Sometimes though, oversold companies can yield some very interesting bargains. Besides, that's how Warren Buffet managed some great returns. So, what does Aeryn think?
Well, as the parent company of Camel, American Spirit, and the maker of Dunhill and Lucky Strike cigarettes, it is among the top three notable publicly traded entities in the tobacco industry. While competitors like Altria focus primarily ...
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