- Apr 2, 2009
- 5,171
- 13,288
- 66
Wells Fargo tobacco analyst Bonnie Herzog “Good for the Goose, Less for the Gander”
http://vaping.org/wp-content/uploads/2016/08/Good-For-the-Goose-Less-For-the-Gander-6.pdf
Some excerpts
“While the final deeming e-cig regulation brings much needed structure and oversight to the e-cig/vapor category, there is little doubt that the cost and complexity of compliance overwhelmingly favor big tobacco (the goose) at the expense of smaller, less well funded players (the gander)."
“Both MO & RAI appear well prepared to comply with the FDA’s deeming regs, if not benefit from potential category consolidation.”
“We expect to see a continued shift in consumption of e-cigs/vapor back to combustible cigs as e-cig choices become more limited -- a net ‘win’ for big tobacco. This has continued to baffle us given the FDA’s public health priorities.”
“As Is, Deeming Regs Are A Clear ‘Win’ For Big Tobacco, Not Necessarily Public Health – Our main concern remains that the final deeming e-cig regs will realistically stifle innovation, which could dramatically slow industry growth by dis-incentivizing consumer conversion from combustible cigs to e-cigs. This ultimately has a net negative impact on public health, which is clearly in direct opposition to the FDA’s goal.”
http://vaping.org/wp-content/uploads/2016/08/Good-For-the-Goose-Less-For-the-Gander-6.pdf
Some excerpts
“While the final deeming e-cig regulation brings much needed structure and oversight to the e-cig/vapor category, there is little doubt that the cost and complexity of compliance overwhelmingly favor big tobacco (the goose) at the expense of smaller, less well funded players (the gander)."
“Both MO & RAI appear well prepared to comply with the FDA’s deeming regs, if not benefit from potential category consolidation.”
“We expect to see a continued shift in consumption of e-cigs/vapor back to combustible cigs as e-cig choices become more limited -- a net ‘win’ for big tobacco. This has continued to baffle us given the FDA’s public health priorities.”
“As Is, Deeming Regs Are A Clear ‘Win’ For Big Tobacco, Not Necessarily Public Health – Our main concern remains that the final deeming e-cig regs will realistically stifle innovation, which could dramatically slow industry growth by dis-incentivizing consumer conversion from combustible cigs to e-cigs. This ultimately has a net negative impact on public health, which is clearly in direct opposition to the FDA’s goal.”
