Swedish Match - ($SWMA.ST on Stockholm Exchange) - MCap SEK 107bn (USD 11bn) @ SEK 70 - P/E 16x 12/22 cons - alternative nicotine products (snus & nicotine pouches) - potentially a cheap compounder

US $570k of purchases across 8 different insiders from Jan to August 2021

Swedish Match - ($SWMA.ST on Stockholm Exchange) - MCap SEK 107bn (USD 11bn) @ SEK 70 - P/E 16x 12/22 cons - alternative nicotine products (snus & nicotine pouches) - potentially a cheap compounder with low econ-sensitivity (albeit with debates on ESG impact) - trend of buying throughout 2021 was strong (US $570k of purchases across 8 different insiders…