Chris DeMuth's State of the Markets September 2022
Yet Another Value Podcast
The ESG of the Tobacco Deal
At 80 before the PM ideal versus today, like you had a sheep, sleep your shareholder base, they weren't focused. The pool of financial buyers who can buy a $15 billion tobacco company is not that big. I do think they have, hey, we go buy a tobacco company and all of a sudden, all the pension funds who are our core customer won't invest into our funds anymore.
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