British American Tobacco plc
BTI
position
long
Ben Preston, Orbis
Thesis
British American Tobacco has a strong fundamental performance and a high dividend yield of 7.9%, which provides a good return. The company is currently undervalued due to ESG concerns, but the investor believes that the returns will primarily come from dividends rather than a re-rating of the stock.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's unclear whether the investment thesis has played out. The strong fundamental performance and high dividend yield are positive indicators, but without knowing how the stock has performed or how long it has been since the pitch, we cannot assess the outcome.
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