Great graphs as usual, thanks! I have been looking forward to your combined Cigs+HNB volume chart. (Too bad that cigarette and IQOS volumes can't be reasonably combined with Zyn volumes for the ultimate volume chart, right?)
I wonder how would the charts would look like if the volume growth rates (for combustibles and combustibles+HNB) were plotted YoY instead of QoQ to get rid of the cigarette's yearly seasonality.
I totally agree that the pharma acquisitions were (and continue to be) knowable mistakes for the company. At the end of the day, PMI is a producer of recreational nicotine products. Just having an expertise on indigestible liquids wouldn't make the Coca-Cola Company a prime candidate for expanding into drinkable pharmaceuticals.
Great graphs as usual, thanks! I have been looking forward to your combined Cigs+HNB volume chart. (Too bad that cigarette and IQOS volumes can't be reasonably combined with Zyn volumes for the ultimate volume chart, right?)
I wonder how would the charts would look like if the volume growth rates (for combustibles and combustibles+HNB) were plotted YoY instead of QoQ to get rid of the cigarette's yearly seasonality.
I totally agree that the pharma acquisitions were (and continue to be) knowable mistakes for the company. At the end of the day, PMI is a producer of recreational nicotine products. Just having an expertise on indigestible liquids wouldn't make the Coca-Cola Company a prime candidate for expanding into drinkable pharmaceuticals.
Thanks for the comment, Ali.
Adding your chart ideas to the queue :)