Imperial Brands Share Price (IMB)

Exactly calleron. Lots of tech/growth stocks that are highly speculative and pay no dividends currently trading at ridiculous valuations and barely making any money. Lots of inexperienced investors who have done no due diligence and are seduced by powerful narratives propping up those stocks. This is not going to end well for those companies. I've seen it all before with the dot-com bubble - been there done that bought the t-shirt ;)

Tobbaco stock are high generating cash business that's why they pay the high dividends, not sure what imb or bats free cash flow yields are these days??? but in the not to distant past they would have been high and if they have dropped now they would probably still be the envy of a lot of other companies. Who knows what price these could or couldn't go to as I never underestimate the mm's ability in today's markets. Imb still making over a billion a year in profit and that can't be bar when you look at the ludicrous pe valuations of some companies making a pittance

"Agree, tobacco has had it"

This is the overwhelming consensus view and the reason why the price is so low.

I am actually in favour of all the tobacco companies temporarily halting their dividends to conserve cash. Thankfully cash flow is still pretty good.

I think this company has tremendous recovery potential and can easily be turned around.

My prediction for the big tobacco firms is that they will emerge as increasingly diversified companies with brands in tobacco, vape products and cannabis (which is a very high growth market).

I wouldn't write off IMB or BATS

Agree, tobacco has had it. This stock has just been in decline for a couple of years, don't see any upside really, people get attracted by the yield, but in my view if the yield is so high the first question to ask is why? IMHO.

Base case for such a yield is it's a trap. I've never liked that the DPS was so often ahead of the statutory EPS. New management might put that right. I'm a holder but I wouldn't add here. BATS is the stronger business. But even there, the debt in combination with an industry in decline has to be considered.

Atb