Its shares may not be smoking hot, but British American Tobacco is still firing up, writes MarcHasenfuss.
I was torn the other day in my position as a small shareholder in British American Tobacco and as the custodian of my elderly mother’s small fortune.
I was in a retail establishment, which must stay nameless, where I spied a rather crudely designed box of cigarettes selling for R10 for a box of twenties. That’s a big difference in price compared to my mother’s favourite puffs — which range from Kent to Pall Mall — that cost roughly four times that. This “price discovery” comes after, in a moment of morbid inquisitiveness, I did a rough calculation of what my mother’s long-held smoking habit had cost over five years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: