HOW CASTRO'S FAVORITE CIGAR CONQUERED THE WORLD

[El Presidente]

 

A little light reading. 

http://www.newsweek.com/cohiba-cuban-cigars-466351

[FLB03TT]

Good read Prez, thanks.

[TheMonk]

Nice read, cheers!

[billh1]

Thanks for sharing.  Nice read.

Cheers!

Bill

[TomF]

Harguindey doesn't speak like any Communist I ever heard...

[malba2366]

When do you think we'll see Cohiba stocks return to normal.  Seems to me the best assumption as to the reason of the shortage is that they are hoarding Cohibas to export to the US once the Embargo is lifted in full.

[MrGlass]

While I can see the logic behind that assumption, the general consensus is that there is a leaf shortage.  Remember that Cohiba isn't the only one affected by this - there have been other shortages like the Sir Winston and the Le Hoyo des Dieux.

For what it's worth, the idea of them hoarding Cohiba's doesn't make sense to me when they are their best seller, especially in an international market like this where, presumably, stock is sold at one price regardless of who is buying.

[malba2366]

A leaf shortage would explain a slowdown in shipments, but from what I am reading there are almost no shipments of Cohibas coming in.  Yes the prices of Cuban cigars are the same everywhere, but when the US market opens to Cuban Cigars I think there will be a surge in demand due to the novelty and the large new market; the prices will jump significantly in the short term until the demand levels off, and production increases to satisfy the new market.