British American Tobacco: A Weak Outlook (Archive)
Combustible volumes and value are slowing, and I expect further weakness ahead.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Combustibles matter most; don't let management distract you otherwise.
- Combustibles is seeing a broad-based volume and growth slowdown.
- Consumer sentiment indicates further weakness ahead.
- I adopt a 'Strong Sell' rating on British American Tobacco as I anticipate a further rating downgrade.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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