Could Other Tobacco Products Overtake Cigarettes?

(CSP) Nik Modi, analyst at UBS Securities LLC, New York, isn’t shy about predictions for the tobacco industry. During CSP's Tobacco Update CyberConference On December 7, sponsored by Swedish Match, for example, he predicted that cigarette prices would go up before the end of December.
Later that same day, Philip Morris USA Inc. announced a five-cent-per-pack increase, which was followed by a five-cent increase at Reynolds American Inc. and a six-cent increase at Lorillard Inc.
Modi also predicted during the CyberConference that other tobacco products (OTP) will go from 10% of the tobacco category to 30% by 2015, and even overtake cigarettes for 55% of the category by 2025. Continued