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Avoid All Crutches - A crutch is any form of quitting reliance that you lean upon so heavily in supporting your quit that if quickly removed would likely result in relapse
In addition, they highlighted how such companies commissioned academics who subjected many of these studies to a mimicked version of scientific review, using unscientific methods and inappropriately dismissing individual studies as flawed due to explicitly stated limitations, rather than considering the peer-reviewed evidence base as a whole
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Their combustibles segment reports decent revenue/operating margin expansion, with the legacy offering continuing to "funding our transformation." BTI's valuations are still compelling at FWD P/E of 12.1x and a 3Y PEG ratio of 1.55x, while boasting a still rich forward dividend yield of 5.57% and ongoing share buyback
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