Breaking Down Cuban Cigar Sales

 

(David Savona) ... You may have read in the press about Cuba’s $416 million in cigar sales for 2012, but I’m going to give you some details about that number.
First, sales were up, but not as much as you may have been hearing. There have been reports of 6 percent “organic growth,” which is a way of factoring in how things would have been given exchange rates. The actual rate of increase was from 2 percent to 3 percent. Continued