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Posted
4 hours ago, Longnose said:

Do you have a price target on them. 

 

They've been nothing but down for quite a while. But beer isnt going away. What caused todays swing do you know?

They missed earnings and guided down.  Here is how  think about it: at $180 per share, you are paying 12x forward EPS for a business that grows volumes at 3% per annum.  So it is pricing in negative volume growth, while the business is showing growing volumes.

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