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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

My tobacco and tubes arrived within five days of ordering (actually 3 business days) in perfect condition and as fresh as it gets

The cigarette smoke odor is actually a chemical molecule called phenol gas