Market Wrap - Stock pick — BAT
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Steven Schultz from Momentum chose British American Tobacco as his stock pick of the day.
"My stock pick is a rather conservative one and it is British American Tobacco which traditionally has been an exceptionally defensive counter and which I like. Obviously one can question the trend of tobacco but the reality is today it's exceptionally cheap, it trades at a 24 month forward PE over 8 which I think is an absolute bargain"
"My stock pick is a rather conservative one and it is British American Tobacco which traditionally has been an exceptionally defensive counter and which I like. Obviously one can question the trend of tobacco but the reality is today it's exceptionally cheap, it trades at a 24 month forward PE over 8 which I think is an absolute bargain"
