📈 Imperial Brands Goes Boom, Is There Still Value In The Tobacco Sector?

Finance

It's been more than three months since I wrote here on Seeking Alpha about tobacco stocks in general and the underfollowed and (for a long time) underrated U.K.-based Imperial Brands PLC (OTCQX:IMBBY, OTCQX:IMBBF) in particular. Of course, the tobacco sector has also participated and continues to participate in the broad rotation into stocks with a solid value proposition and good current cash flows. However, I would argue that investors are finally starting to realize again that Big Tobacco is not dead and increasingly pricing these stocks at somewhat more realistic valuation multiples.

seekingalpha.com     Aug 30, 2024