$BTI - POSSIBLE SAFE HAVEN -
Added 2024-06-24 11:54:37 +0000 UTCBringing this back to your attention because of the simple fact it has a dividend of 9.25% and there are early signs of a reversal here.
Yes it is a tobacco company and it sells cancer for a living but the market does not care about this, they will buy value if they believe it is on sale.
The 50 and 200 Day MA's have been converted to support now and it looks like we will get a golden cross here shortly.
The blue line at $31.70 has not changed, this is the support level that the bulls need to recapture.
Above this level and this is in a strong position.
I don't believe the dividend payout will change here and there is a clear route higher, so there are compounded gains to be made here.
Comments
This story about the GLP-1 medication is the "worst rubbish" I have ever heard! It is advertised as the holy grail and yet these peptides have been around for x years!!
Thomas Brandt
2024-06-24 16:23:10 +0000 UTCThe one concern I have with this one is there is growing data that the ever popular GLP-1 weight loss drugs have shown promise to help overcome addiction. If these drugs continue to thrive, we could see future downside in tobacco, alcohol, etc. Perhaps this is too short-sighted.
rockyadk@gmail.com
2024-06-24 13:09:44 +0000 UTC
