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"Valuations remain comfortable however, we do not see any near-term positive catalyst." The brokerage says in the bear case, full passthrough of the steep tax hike could trigger sharp price-led revenue decline (20%) and 28% EBIT contraction due to an accelerated shift toward illicit cigarettes
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It should be stressed that the present findings neither support the argument that access to JUULpods containing non-tobacco flavors is essential for adult smokers to completely substitute a JUUL vaporizer for conventional cigarettes, nor do they rule out the possibility that adult smokers would simply switch to using available tobacco-flavored e-cigarettes in the event that their preferred non-tobacco-flavored products were banned
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I leaned across the slab with my mini lighter
