In 1987, Buffett famously stated, "I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty."
“The best business to own is one that over an extended period of time can employ large amounts of incremental capital at very high rates of return.” – Warren Buffett
“Invest at the point of maximum pessimism.” – John Templeton
Volume today is >2x bigger than volumes in previous days when BAT stock price came down is a very positive sign (or technical indicator). How can a high ROE high DY% consumer company selling at <10x PE multiple ? If it does, that pessimism should not sustain.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
EngineeringProfit
20,594 posts
Posted by EngineeringProfit > 2020-01-29 16:34 | Report Abuse
Have been tracking BAT lately...finally