Lorne Steinberg British American Tobacco BTI-N WEAK BUY Sep 06, 2023

He won't recommend a tobacco company. Life's too short--and they help make it that way.

Bit of a dividend trap, though not the worst one. Dividend is quite nice, safe. Revenue growth is slow, either negative or very low. Not much future. Could buy short-term for the dividend, but his outlook is more long term. Yield is 8.5%.

It was in a downtrend, then formed a base and breakout. Generally a breakout is a good thing but it can still pull back.

One of the real drivers is the substantial dividend and he sees it as a bond proxy. The long term dividend yield is about 45% along with some growth.

Pays a high 8% dividend and doesn't slide (as much) when markets do. BTI is moving away from traditional smoking. The stock has enjoyed a good run in recent years and is buying back shares. Good at current levels, but not for ESG investors.

Total return also benefited from the currency differential. Up significantly, time to trim -- especially with inflation and potential unemployment spike.