The cigarette business is changing. While still profitable, the billion-dollar industry has, for the first time in their history, some interesting competition due to its marketshare.
Companies like Icon Vapor (OTCPK: ICNV) are turning traditional tobacco smokers into top vapor e liquid and, as outlined by financial analysts, may be the next investing wunderkind.
“There’s a tremendous potential possibility to convert the world from hazardous, unsafe, cancer-causing cigarettes into a better, cleaner, healthier alternative,” says Daniel Balsiger, president of Icon Vapor. “As well as the time has become.”
The marketplace for vapor cigarettes — battery-powered inhalers that turn heated, nicotine-laced liquid into vapor — is currently small, but growing quickly.
In the blog a year ago for the Motley Fool Network, Ilana Greene, a writer and an affiliate the financial website, wrote that, ” best electronic cigarettes can be a healthy investment for casual and everyday traders mainly because it [the vapor cigarette industry] is already a $300 million market … and it has the increase potential to become $1 billion market share within 3 years.”
In addition, financial reports from your Wall Street Journal reported the vapor cigarette industry made $500 million in 2012, while Wells Fargo Securities noted that sales would top $1 billion this past year. (At the time of this printing, actual sales figures were not available.) Although the marketplace for vapor cigarettes continues to be relatively dexrpky13 in comparison to overall cigarette sales, using the smoking alternative keeps growing at exceptional rates. Therefore, investors are expecting a boom inside the fledgling sect in the cigarette industry.
Balsiger agreed that investors would thrive to get in on the floor floor, citing development of 300 percent from the vapor market, with sales reaching $10 billion within the next 5 years.
“Our goal at Icon Vapor is that will help you take advantage of the $800 billion dollar opportunity which is currently belonging to big tobacco,” he says. “Some time is right, as well as the vapor industry is exploding.”
It would follow that if you decide to put money into the vapor cigs, you’d be building a wise choice. In the event you choose Icon Vapor, you’d be making a much wiser one.