Just curious if anyone else owns this stock, it is quite a weird one. I bought it two years ago solely because I saw it mentioned in an article about the highest dividend stocks (their dividend is a little more than 9%) so I bought a few thousand dollars' worth just for the dividend; I wasn't expecting the stock to go up as I have always read tobacco use and even vaping are down. Yet somehow, this stock has doubled in price from when I bought it at around $30. I recently went to Poland and Croatia, and people smoking on the streets was pretty common there, you don't see that at all in the US anymore. Also both airports had what I'll call "smoking boxes" basically enclosed plastic boxes that were filled with smokers. So, maybe it's only the US where smoking is down?
Also, this stock has the weirdest price action. If it's a day the whole market is green, you can be sure BTI is down. And on a day like today, where everything is red, this stock is up. I have no idea if this stock will continue to go higher, but it has been one of my best performing non-tech related stocks.
British American Tobacco (BTI) stock
byu/ImplementWonderful93 instocks
Posted by ImplementWonderful93
2 Comments
I own it, it’s considered a defence stock but not a growth stock. So when everyone is very positive about economy growing it tend to go down and when people think things are bad it will go up a bit. It has a good yield but one of the risks is every is supposed to be stopping smoking. THe positive is they are moving into many vaping and snus products. Quite a few ETFs based on ethical investing tend to avoid this stock.
Sold it when it reached like 10x earnings. I’m not owning a tobacco company over 10x NTM earnings.
It was a steal at 6-7x, but not now for me.