08-18-2021, 07:10 AM
[quote pid='28111' dateline='1629253865']
As George Costanza said "I'm aware!"
Repeating, I don't want to be in the beer business.
If YOU must, then get one with a great hard seltzer. (Which would be Boston Beer (SAM) and I don't want to own it.)
[/quote]
If you are confident in SAM earnings estimates they are growing very nicely the next few years. If I had to own a beer company it would be SAM, but we don't have to. Now you just have to wait for the bag holders to escape SAM on every bounce while sporting a 30 PE. Too much can go wrong and it could be a long wait to be whole again.
(08-17-2021, 08:31 PM)divmenow Wrote:(08-17-2021, 08:24 PM)NilesMike Wrote:(08-17-2021, 10:27 AM)MrFortune Wrote: Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?
I added some OHI, LOW, TGT and MO
Beer sales across almost all brands has been flat at best for quite a few years, except for Constellation Brands (Modelo-Corona)
I don't want to be in the beer business. If you must, find one with a great hard seltzer or whatever they call it, that's the growth market.
I guess you don't realize the Sam Adams own the Truly Selzer brand
They also own Twisted Tea and Angry Orchard.
As George Costanza said "I'm aware!"
Repeating, I don't want to be in the beer business.
If YOU must, then get one with a great hard seltzer. (Which would be Boston Beer (SAM) and I don't want to own it.)
[/quote]
If you are confident in SAM earnings estimates they are growing very nicely the next few years. If I had to own a beer company it would be SAM, but we don't have to. Now you just have to wait for the bag holders to escape SAM on every bounce while sporting a 30 PE. Too much can go wrong and it could be a long wait to be whole again.