RE: In the words of Warren Buffett!2 Oct 2021 09:39
highlowballs, BATS is a million miles from the type of company that WB talks about. BATS is a billion £ highly profitable company with thousands of employees diversified over many countries. Its size makes it very versatile even to diversify into non-core activities, eg IMB has a Distribution business. Did you know BATS has a scientific lab in Texas where they analyse tobacco, etc.. and where I believe they are still trying for Covid-2 cure using tobacco, more academic at this stage I'd imagine. Smoking of some sort, like alcohol, illicit drugs, gambling, excessive sugar/ eating and many other addictive vices will exist in high quantity as long as mankind survives. The sheer stresses of life, and they are increasing as life becomes more and more complex and demanding, guarantee the continuation of these vices to allow us to 'let off steam'. BATS is diversifying to ensure its survival, they are being proactive. Govts know that smoking tax revenue is significant both from sales and numbers employed, etc.... We're not robots or beings without feelings just yet, robots don't need vices, though I feel that many societal and business interests would like robotic citizens, ie compliant and without feelings / so called 'professional' !! Just my simple view of things from a guy in his sixties !!