Morgan Stanley's Adelman says e-cigarettes key reason for 4.5% cigarette volume decline in 1Q13

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Bill Godshall

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First paragraph in today's report by David Adelman at Goldman Sachs.

Five importantdynamics between now & mid-May: First, we still expect weak 1Q13 US cigarette shipments(~4.5%). Generally soft C-store trends and higher payroll taxes/gas prices maybe contributing, but we believe that e-cigarettes are likely the principalculprit.


And yet, the FDA, CDC, WHO, many state/local health officials, CTFK, ACS, AHA, ALA, Legacy, ANR, AMA, ATTUD, and many others who claim to be public health advocates continue to try banning e-cigarettes by falsely claiming they are very hazardous and are target marketed to youth.
 

cyberwolf

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It would be interesting to see whether other nicotine replacements and drugs have had any similar effect on the industry. From a logical perspective, this is clearly a positive indication of the efficacy of electronic cigarettes. I'm sure it is in the process of being spun to mean the exact opposite, however.
 

Bill Godshall

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Berylana Send an e-mail to me at smokefree@compuserve.com and I will send it to you.

The following was highlighted in bold in the first paragraph of a report issued today on US cigarette sales by Bonnie Herzog at Wells Fargo.

Unit sales were at the lowest they've been in the past year and we believe could be partially due to the increasing popularity of e-cigarettes, whose consumption we believe could surpass traditional cigs within the next decade.
 

rothenbj

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Berylana Send an e-mail to me at smokefree@compuserve.com and I will send it to you.

The following was highlighted in bold in the first paragraph of a report issued today on US cigarette sales by Bonnie Herzog at Wells Fargo.

That is an incredible statement and one that must send chills up the spines of legislatures in all levels of government, the Pharma industry and the ?non-profit?"health" associations everywhere. The FDA better get busy to stop this pandemic!
 
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