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BAT is trading at a depressed multiple, and management has signaled its intentions to prioritize share repurchases to further drive shareholder returns

Cardiovascular disease Smoking increases the risks of heart disease, raises blood pressure and damages veins and arteries
Li S, Wang A, Gu F, Wang Z, Tian C, Qian Z, Tang L, Gu Y (2015) Novel harmine derivatives for tumor targeted therapy

Smoking and mental health

[19] Accordingly, similar to the marketing efforts of e-cigarette companies, it is clear through promotional efforts by the tobacco companies selling oral nicotine products that they are incentivizing continued and uninterrupted use of their product in perpetuity and gaining significant appeal from youth who may not currently smoke, thereby potentially initiating or prolonging nicotine and tobacco dependence
