CBA came into this quarter with an inventory build up and rapidly rising sales. $15 million dollars in cash from the Goose Island sale, a debt pay down. Tax loss carry forwards, which equal reduced taxes and increased working capitol. Redhook's Longhammer is The Los Angeles June "BEER of The Month". LA is a huge market for Kona too! The drop is due to Hedge fund activity. When the Hedge fund runs out of shares to dump, CBA's stock climb will continue. There is no sign the Craft Beer Industry is not still growing fast there are just two players for the investing public Sam & HOOK. Sam has started to climb again. These two stock charts have roughly mirrored each other with HOOK the last few years climbing faster.
shawn, CBA and the same old story! Wait till next quarter. The same statements from shawn, sound like the same excuses from HOOK, quarter after quarter and year after year. What will it be this quarter after the "inventory build"? Slow draft sales or higher marketing? It's always something! LOL