HomeMost PopularBritish American Tobacco: Pounce on the Sell-off for a 6X P/E Stock...

British American Tobacco: Pounce on the Sell-off for a 6X P/E Stock and 10% Yield

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View of the cigarettes and tobacco stack. The tobacco plant is part of the genus nicotiana and of the solanaceae (nightshade) family.

So, get this: shares of British American Tobacco (NYSE:BTI) took a colossal hit, like a linebacker tackle, yesterday. The reason? The company announced that it’s going to slash the value of its U.S. cigarette brands by a jaw-dropping $31 billion, all because of the turmoil in the U.S. smokable market. This bombshell rang the opening bell on the stocks as they tumbled 9%. But hold up, because this may just be your golden ticket – a buying opportunity in the making! In my opinion, this nosedive in British American Tobacco’s share price is overblown. Why? Well, because despite the earth-shattering news, the company assured everyone that its EPS growth target remains unscathed. And, guess what? The dividend too is like a sturdy ship on calm waters after this turbulence. So, if you’re into snagging a 6X P/E valuable stock, now’s the time to roll up your sleeves and dive right in!

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