The federal government reported $830 in tobacco tax revenue per smoker and provincial governments reported revenues between $627 and $1,862 per smoker
Given the global scale of operations, strong customer loyalty to brander products, high barriers to entry, and strong generation of excess cashflows and excess returns on investment, I believe that BTI has a wide moat (though most other competitors such as Altria, PMI also spot a wide moat as well) Companies like British American Tobacco can benefit from growth in emerging markets, where smoking is more widespread and declines in smokers are much slower
Pipe Used: Frank Axmacher Volcano PurchasedFrom: Tobacco Trader LA Age When Smoked: 2.5 Years 0 people found this review helpful
Bull ARN 1990:5064 Pittman JK, Hirschi KD (2016) CAX-ing a wide net: cation/H + transporters in metal remediation and abiotic stress signaling
Vast plantations were built along the rivers of Virginia, and social/economic systems were developed to grow and distribute this cash crop
