British American Tobacco p.l.c. (BTI): A Bull Case Theory

We came across a bullish thesis on British American Tobacco p.l.c. on Coughlin Capital’s Substack by Brian Coughlin. In this article, we will summarize the bulls’ thesis on BTI. British American Tobacco p.l.c.'s share was trading at $51.59 as of July 18^th. BTI’s trailing and forward P/E were 28.29 and 11.11 respectively according to Yahoo Finance.

British American Tobacco (BTI) has seen a dramatic turnaround since early 2025, when persistent concerns over menthol regulation, Canadian litigation, and sluggish New Category performance left the stock deeply discounted at 8x...