11-09-2018, 10:20 PM
(11-09-2018, 09:45 AM)EricL Wrote:(11-09-2018, 09:37 AM)saimash Wrote: Guys, what are your thoughts about investing in BUD... I had bought 50 shares @ 87.96 and it is down to nearly 74.5$ today (since they declared that they would cut dividends to offset the burden of their SAB Miller acquisition)... I was thinking of putting a Limit Order of $72.5 for 50 more shares to Dollar-cost-Avg... Would it be a STUPID decision to do that ?
Not a fan of BUD at all. They overpaid for SAB Miller and are getting killed by local micro-brews.
Consumer's tastes are changing, I don't see much growth in the big brewers.
Can't comment on BUD as a company or their acquisition since I haven't been following.
But I do agree with the opinion that big breweries are going to face some tough times. People want different types of beer, maybe not as their "regular" one but they will buy new and different ones to try out. If they choose to go with a few different beers from smaller breweries even 1 time out of 5 when they are in the store, that's a lot of revenue loss for the big brewers.
And this trend could be just starting in the states. I'm visiting now and I just walked into a Publix yesterday... the selection of "special beer" was.. appalling. There are places in Europe where a tiny local grocery store in a 2000 person village has a beer selection 10 times better than I find in a relatively large grocery store in the middle of the city here. And 10 times might be an understatement.
(yes I know Publix is not THE place to go for beer. It was just close by. But it's a pretty close comparison since a tiny grocery store wouldn't be your number one option in Europe either.)