Valuation. Business analysis. Investing. Finance meets curiosity, creativity, and skepticism.
| Platform |  | Pricing | Freemium | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 219 | Founded | 4 years ago | Last Issue | 10 days ago |
| Active | |||||
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British American Tobacco: Narrowed
H1'26 note.
“We continue to generate strong cash returns. We expect to be within our 2 to 2.5x target leverage corridor by year-end, while continuing to reward our shareholders with our progressive dividend and GBP 1.3 billion share buybac...
Philip Morris International: Juggernaut
Q2'26 note.
“The composition of our growth, once again, highlights the consistency and sustainability of our model with stable to growing volumes, durable pricing power, and superior smoke-free economics continuing to be the primary driver...
The Black Patch Tobacco Wars
“War is a continuation of politics by other means.” - Carl von Clausewitz
Spend any time following the nicotine industry, and it is inevitable that, over time, you will be steered toward the conclusion that, yes, volumes matter, but they...
Flash in the Pan
“Rude contact with facts chased my visions and dreams quickly away, and in their stead I beheld the horrors, the corruption, the evils and hypocrisy of society, and as I stood among them, a young wife, a great wail of agony went out from my...
Pouches Poised for Prime Position
“I always avoid prophesying beforehand, because it is a much better policy to prophesy after the event has already taken place.” - Winston Churchill
On June 30th, the FDA announced that it had issued modified risk granted orders to PMI’s S...
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