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Management notes that the FDA announcement does not itself constitute restrictions on nicotine levels in cigarettes, and any proposed regulation of nicotine in cigarettes would need to be introduced through the established U.S

At a market cap of $65 billion, British American Tobacco's price-to-free cash flow ratio is just 6.20

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As the boat only refuels when it's docked, this is kind of a zero-sum extra rule, but it does hammer home the point that you definitely should not be smoking on board at this time