The cigarette company is changing. While still profitable, the billion-dollar industry has, the first time in the history, some interesting competition due to its marketshare.
Businesses like Icon Vapor (OTCPK: ICNV) are turning traditional tobacco smokers into best vapor cigarette brand and, based on financial analysts, might be the next investing wunderkind.
“There’s a tremendous potential ability to convert the entire world away from hazardous, unsafe, cancer-causing cigarettes into a better, cleaner, healthier alternative,” says Daniel Balsiger, president of Icon Vapor. “And also the time has become.”
The marketplace for vapor cigarettes — battery-powered inhalers that turn heated, nicotine-laced liquid into vapor — is now small, but growing quickly.
In the blog just last year for that Motley Fool Network, Ilana Greene, a writer and person in the financial website, wrote that, ” best vapor cigs can be a healthy investment for casual and everyday traders mainly because it [the vapor cigarette industry] has already been a $300 million market … and has the increase potential to be a $1 billion market share within 3 years.”
Additionally, financial reports from your Wall Street Journal reported how the vapor cigarette industry made $500 million in 2012, while Wells Fargo Securities noted that sales would top $1 billion this past year. (Since this printing, actual sales figures were unavailable.) Although the marketplace for vapor cigarettes continues to be relatively dexrpky13 when compared to overall cigarette sales, usage of the smoking alternative is growing at exceptional rates. Therefore, investors are expecting a boom from the fledgling sect of the cigarette industry.
Balsiger agreed that investors would thrive to go into on a lawn floor, citing development of 300 percent inside the vapor market, with sales reaching $10 billion within the next five years.
“Our goal at Icon Vapor is to assist you tap into the $800 billion dollar opportunity that may be currently owned by big tobacco,” he says. “The time is right, along with the vapor marketplace is exploding.”
It could follow that if you wish to put money into the vapor cigarette risks, you’d be setting up a wise choice. Should you really choose Icon Vapor, you’d be making a level wiser one.