The cigarette organization is changing. While still profitable, the billion-dollar industry has, the first time in the history, some interesting competition because of its marketshare.
Businesses like Icon Vapor (OTCPK: ICNV) are turning traditional tobacco smokers into best e cigarette mod and, as outlined by financial analysts, might be the next investing wunderkind.
“There’s a tremendous potential opportunity to convert the planet away from hazardous, unsafe, cancer-causing cigarettes into a better, cleaner, healthier alternative,” says Daniel Balsiger, president of Icon Vapor. “Along with the time is already.”
The market for vapor cigarettes — battery-powered inhalers that turn heated, nicotine-laced liquid into vapor — is presently small, but growing quickly.
In the blog just last year for your Motley Fool Network, Ilana Greene, a writer and an affiliate the financial website, wrote that, ” best vapor are a healthy investment for casual and everyday traders mainly because it [the vapor cigarette industry] is already a $300 million market … and possesses the development potential to be a $1 billion market share within three years.”
Furthermore, financial reports from the Wall Street Journal reported the vapor cigarette industry made $500 million in 2012, while Wells Fargo Securities noted that sales would top $1 billion just last year. (Since this printing, actual sales figures were not available.) Although the market for vapor cigarettes is still relatively dexrpky13 in comparison to overall cigarette sales, usage of the smoking alternative keeps growing at exceptional rates. Therefore, investors are expecting a boom within the fledgling sect of the cigarette industry.
Balsiger agreed that investors would do well to go into on a lawn floor, citing growth of 300 percent within the vapor market, with sales reaching $10 billion in the next five-years.
“Our goal at Icon Vapor is to assist you take advantage of the $800 billion dollar opportunity that may be currently owned by big tobacco,” he says. “Some time is right, and also the vapor market is exploding.”
It will follow that if you choose to invest in the vapor nicotine, you’d be making a wise choice. In case you choose Icon Vapor, you’d be making an even wiser one.