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Are Tobacco Companies Losing Money in this Battle?

Discussion in 'New Members Forum' started by cvbella22, Oct 31, 2012.

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  1. cvbella22

    cvbella22 New Member

    Joined:
    Oct 31, 2012
    Location:
    Center, Tx
    I just want to know if anyone else knows if the major corporations are losing money due to the world's battle against cancer sticks. I myself have fell victim to these addictive demons and I'm sick of people dying, my clothes stinking, and everything about cigarettes. I have finally completely switched to vapor and hopefully will be done with them too. If anyone has any links verifying what I'm talking about I would love to keep track of this battle. Thank you and I will be trying to keep up with this topic. Have a blessed day!:)
     
  2. elmattias

    elmattias Resident Miyagi Verified Member ECF Veteran

    Joined:
    Jul 16, 2012
    Location:
    N'awlinz
    are they losing money? sure...slowly, but they are adapting, i know one of them bought blu, can't remember which one.
     
  3. Charlie C

    Charlie C Super Member Verified Member ECF Veteran

    Joined:
    Feb 20, 2012
    Location:
    Florida- Seattle- Sydney
    Not a chance.
    These corps are massive, diversification plays a huge role for them, besides the Government have their back.
    Just talk with a tobacco lobbyist.

    I'm certain that they will (or already have) get into the vaping business too.
     
  4. kiwivap

    kiwivap Vaping Master Verified Member ECF Veteran

    Joined:
    Jul 14, 2012
    Location:
    New Zealand
    Lorillard owns blu.
     
  5. kiwivap

    kiwivap Vaping Master Verified Member ECF Veteran

    Joined:
    Jul 14, 2012
    Location:
    New Zealand
  6. cricque

    cricque Super Member Verified Member ECF Veteran

    Joined:
    Nov 2, 2011
    Location:
    Leuven, Belgium
    It's a matter of time ... If they start losing alot of money, they will make sure vaping needs to apply to the same rules
    Also it will get taxed extra somewhere along the line ... You do not want that your country has less income !

    The tobacco lobby is powerfull, they have way too much money. At some point we will pay extra's for all this. Let's hope that day is still far away
     
  7. brooksisusername

    brooksisusername Full Member

    Joined:
    Sep 24, 2011
    Location:
    Madison, WI
    The tobacco companies losses are close to none. It is such an insignificant amount of money they are loosing. When someone decides to quit smoking they have lost money. Weather that person goes from smoking to vaping or smoking to nicorette the tobacco companies have lost a smoker.
     
  8. DMAudio

    DMAudio Senior Member ECF Veteran

    Joined:
    Oct 23, 2012
    Location:
    Zoocastle
    I'd say it's likely offset a lot by the new smokers. I heard a stat years ago of something like 3000 new smokers in a 4 hour period, although can't verify how accurate that was.

    If you read a bit of the legislation threads, you'll see that due to the sheer volume of money involved, tobacco companies won't just lay down and die. They'll influence who they need to, to ensure their future profits. Same goes for the pharma companies. It isn't about public health any more!

    DM
     
  9. Bullette the Cowdog

    Bullette the Cowdog Ultra Member ECF Veteran

    Joined:
    Mar 5, 2012
    Location:
    Treasure Coast, FL
    Keep in mind that cigarette sales are world wide!! Developing countries are where the marketing & sales are going now.
    BTW. Who gets revenue from gum, patches, etc??? It can't be ONLY big pharma. I assume big tobacco is involved in this product diversification. Haha. I love their business model. Help folks quit smoking by switching to something that continues their revenue stream.
     
  10. recidivus

    recidivus Ultra Member ECF Veteran

    Joined:
    Jun 20, 2012
    Location:
    Canada
    Diversification goes far beyond tobacco and nicotine products, they dip heavily in the food industry. These companies are part of huge multinat conglomerates.
     
  11. Nurzrachit

    Nurzrachit Ultra Member Verified Member ECF Veteran

    Joined:
    Sep 14, 2011
    Location:
    Gray,GA.
    Not where I am at. Aot of smokers I know don't even want to try it. They will be sorry later, it's a strange addiction.
     
  12. gthompson

    gthompson Free at last Verified Member ECF Veteran

    Supporting member
    Joined:
    Jul 28, 2011
    Location:
    Tennessee, USA
    Most of us vapers are older and Big Tobacco has already killed us, we are just a short term profit loss. They are, and always have been, single-mindedly interested in young people and addicting them for life.
     
  13. Vapoor eyes er

    Vapoor eyes er ECF Guru ECF Veteran

    Joined:
    Sep 13, 2011
    Location:
    Toronto, Ont.
    The short answer...NO they are not losing $$, tobacco sales are down but profits are up and in fact can afford to pay shareholders a dividend. Some also have share buyback progs in place:
    Reynold’s America (RAI): dividend yield of 5.50%.
    Altria (MO): dividend yield of 5.10%.
    Philip Morris (PM): dividend yield of 3.40%.
    Also have to understand, as mentioned by another poster, beyond a decade ago they began investing in other areas- real estate, oil, food, booze, insurance, etc. Some have also moved some of their holdings offshore for tax purposes.

     
  14. vinnymail

    vinnymail Full Member Verified Member

    Joined:
    Jul 30, 2012
    Location:
    Gainesville Florida
    i hope sure hope they are losing tons of money
     
  15. 1vapeatatime

    1vapeatatime Super Member Verified Member ECF Veteran

    Joined:
    Sep 29, 2012
    Location:
    Nevada
    I vape for the nicotine. Nicotine come from tobacco;nowhere else. Let's hope tobacco companies stay in business for the nicotine, and for the fact that they pay big taxes. Otherwise(and not that they are not already doing this) the feds will look for tax money elsewhere, and we end up paying more for our juices.
     
  16. catoliver

    catoliver Senior Member ECF Veteran

    Joined:
    Sep 30, 2012
    Location:
    South Carolina
    All I know for sure is that they are now losing money from ME! And I wouldn't have it any other way :)
     
  17. Vapoor eyes er

    Vapoor eyes er ECF Guru ECF Veteran

    Joined:
    Sep 13, 2011
    Location:
    Toronto, Ont.
    Cool post and I LOVE your view of the situation :thumbs::thumbs::thumbs::thumbs::thumbs::thumbs::thumbs::thumbs::thumbs::thumbs:

     
  18. crxess

    crxess ECF Guru Verified Member ECF Veteran

    Joined:
    Sep 20, 2012
    Location:
    Williamsport Md
    Losing? Nothing could be further from the truth.
    Even government intervention is simply to make the public think they are being heard.
    1)Government Runs the Negative publicity campaign
    2)Tobacco companies continue doing business
    3)Alternative companies sprout up making money and paying taxes
    4)John Q. Public foots the whole bill in end sale pricing and taxes.

    Ending Tobacco use would mean billions in annual loss of taxable revenue from a diversity of businesses, not just the tobacco companies.
     
  19. chris_vazquez1

    chris_vazquez1 Full Member Verified Member

    Joined:
    Nov 23, 2012
    Location:
    Chino, California, United States
    I hope they lose the cigarette battle, BUT if they get into the e-cigarette business more people might try it! Imagine the lobying for e-cigarettes, and commercials encouraging people to try it! It'd be a big boon and you'd see more American corporations making the good stuff. Provari needs a good American competitor.
     
: provari
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