British American Tobacco: 10% Yield, 6x P/E, Don't Overthink It

ninitta/iStock via Getty Images~10% yield and ~6x P/E are just absurd Believe me, I understand why tobacco stocks are so out of favor in recent years. The main topic for today, British American Tobacco (NYSE:BTI), provides a good example. As seen in the chart below, BTI's price suffered a 15.62% loss in the past year, while the overall market has one of the best rallies. BTI, together with other tobacco stocks, is indeed facing a number of challenges, including decreasing smoking rates, shifting consume ...