Is British American Tobacco Stock a Buy Now?
Investing in consistently profitable businesses with a track record of prioritizing shareholders is a winning investment philosophy. This is because such companies have both the ability and desire to reward shareholders with steady dividends.
British American Tobacco (NYSE: BTI) is one such company that appears to fit within these parameters. But should income investors buy the stock at the present $33 share price? Let's dig into British American Tobacco's fundamentals and valuation to make a judgment.
Years ago, British American Tobacco had an insightful realization: The tobacco industry would be radically transformed by a shift in consumer preferences away from cigarettes and toward products that are perceived to be less detrimental to health. This is why, beginning in 2013, the company launched Vuse, its first and now global leader in the vapor product category. Along with the launch of its Glo heated tobacco brand in 2016 and nicotine pouch brand called Velo in 2019, this has positioned British American Tobacco as a leader in the thriving noncombustible tobacco space.
Source Fool.com
