End of the Cuban Embargo?
February 21st, 2007 by
Senior Editor: Jeff
There is someone out there who believes the Cuban Embargo will end this year, 2007. It is coming from a some-what obscure source: Lew Rothman. You see, Rothman owns/runs JR Cigars, the world’s largest cigar distributor. In this position, he has contact with a lot of tobacco producers/manufacturers/importers. Recently, he has made the decision to liquidate a large portion of his cigar inventory that is either moving too slow, has too thin margins, etc. in order to 1. gather a horde of cash to buy new cigars and 2. make room for inventory. Rothman is doing this under the assumption that the Embargo will end this year. I’m not sure what he knows, but he certainly knows the cigar market. It’ll be interesting to see how this plays out. At the very least, they have some great deals on cigars going on.
Posted in
Politics, Random Thoughts |
Comments