The Past, Present, and Future of the Nicotine Industry
This morning we released an interview with @devinlasarre covering the tobacco/nicotine market through the lens of one of its largest players, British American Tobacco $BTI

We discussed:

  • Why cigarette volumes are declining but profits are stable/up
  • The potential of risk reduction products like vaping, nicotine pouches, etc.
  • Capital allocation strategy including the potential to accelerate the buyback over the next few years

Listen at this link or wherever you listen to podcasts:

Nathan Worden's avatar
Can’t wait to listen— this is going to be great!
Brett Schafer's avatar
@nathanworden Hope you enjoy it! Appreciate the kind words
Devin LaSarre's avatar
Was an absolute blast to talk with Brett and Ryan.

Thanks again!
Brett Schafer's avatar
@devinlasarre Loved the discussion. Looking forward to having you back on again in the future
The Science of Hitting's avatar
Nice, excited for this one!
Brett Schafer's avatar
@tsoh_investing Thanks TSOH! hope you enjoy it