British American Tobacco: Accelerating NGP Growth Could Lead To A Re-Rating

Group 1 - The article discusses the author's enjoyment in researching British American Tobacco (NYSE: BTI) as a significant investment holding [1] - The author emphasizes a value investing approach, focusing on undervalued companies with a strong margin of safety and attractive dividend yields [1] - The author highlights a preference for companies with a solid earnings track record trading at less than 8 times free cash flow, which reflects a specific investment strategy [1] Group 2 - The author has a beneficial long position in British American Tobacco shares, indicating a personal investment interest [2] - The article expresses the author's own opinions without external compensation, suggesting an independent analysis [2] - There is no business relationship with any company mentioned, reinforcing the objectivity of the analysis [2]