Seeking Alpha

FDA eyes e-cigs

  • The FDA plans to release a proposed rule establishing its authority over e-cigarettes.
  • The White House's OMB is currently reviewing the proposal to assess its economic impact. It's been five months with no word on when it will be completed.
  • Commissioner Margaret Hamburg believes the wait is almost over.
  • Predictably, e-cig makers oppose a full spectrum regulatory regime saying it will stifle innovation, damage small businesses and hurt consumers trying to quit smoking.
  • (ECIG) (MO) (PM) (LO) (BTI)
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Comments (6)
  • JohnBinTN
    , contributor
    Comments (3816) | Send Message
     
    Big surprise - the FDA wants more authority over something else that is none of their business to have any authority over in the first place.

     

    The politicos are setting up their chess pieces for the massive taxing checkmate to soon follow.
    3 Apr, 06:54 PM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    This type of government nanny-statism is exactly why I dumped all my $MO the minute Altria split off $PM and rolled the money right into PM. Despite MO's relative great performance since, I've never looked back.

     

    Though I will say one day $MCD might want to start looking over its shoulder as well. The slippery slope really has no bottom.
    3 Apr, 08:58 PM Reply Like
  • Gwyther1949
    , contributor
    Comments (26) | Send Message
     
    PMI facing even more draconian regs than MO. New EU Directive bans various ingredients, plain paper packaging in Australia, etc. They don't have it any easier.

     

    The FDA deeming of e-cigs will solidify RAI, MO and LO as the future of e-cigs. Big tobacco equipped to deal with FDA regs -- independents, no so much.
    4 Apr, 11:03 AM Reply Like
  • Purple_K
    , contributor
    Comments (488) | Send Message
     
    I would suggest you read the articles where PM is closing plants in these troublesome zones. They don't need the headaches, and they have plenty of directions to expand worldwide, unlike MO, hence my switch. The day may come when PM is in a slow death spiral, but I will wager that's long after my own expiration date - not to mention by that time I will have a negative cost basis several times over, so *shrug*
    4 Apr, 05:49 PM Reply Like
  • Gwyther1949
    , contributor
    Comments (26) | Send Message
     
    They may close the plants, but they still have to try and sell products there and elsewhere. Virtually every nation is now a member of the WHO and subject to the terms of the FCTC.
    5 Apr, 05:17 PM Reply Like
  • aaronsams
    , contributor
    Comments (7) | Send Message
     
    looks like tobacco companies will be seeing an uptick in shipments of domestic cigarettes when those who so chose to use e-cigs find it more difficult to purchase them.
    3 Apr, 11:37 PM Reply Like
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