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Given the global scale of operations, strong customer loyalty to brander products, high barriers to entry, and strong generation of excess cashflows and excess returns on investment, I believe that BTI has a wide moat ( though most other competitors such as Altria, PMI also spot a wide moat as well) Companies like British American Tobacco can benefit from growth in emerging markets, where smoking is more widespread and declines in smokers are much slower

The way the top 3 teams are built though, with the Twins strong through at least 2023, the White Sox longer than that, and the Indians forever competitive provided they trade Lindor before its too late, there should be full scale competition by 2022, when the Tigers join the fold again

Addiction is often misunderstood

I think black men are so beautiful and cool, he sighs

If the filler is too coarse, the spliff wont shape well