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Boston Beer Co. Inc. Message Board

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  • randvati randvati Nov 3, 2012 10:06 PM Flag

    One must have some really thick beer goggles to buy this fat PE stock!

    Why is this pe considered high for this profitable small cap with consistent growth. Investors are paying same multiple for Starbucks, which is a much more mature company. Not to mention that this company also stands to be a takeover target!!

    Sentiment: Strong Buy

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    • randvati, I agree with your sentiment, but the company isn't a takeover target. Jimbo is the only person that can dictate anything because of his separate class of stock. Right now he is having too much fun and success to consider selling, but it's a great insurance policy, that he can sell for a big premium anytime he thinks it best. This is the best of both worlds, because of the LT downside protection caused by Koch's ability to decide to sell at anytime he wants. The line to buy this company would be long, since it's best in class.

 
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