Can't beat the timing of this. In most markets this will air after the Masters. For sure a large carry over of viewers who happen to be business owners and executives.
My guess is the patriarch received a big year end consultant fee, and then maybe some cash bonuses went to the rest of the H-clan. The operating assets are very mature so for these guys to outspend the revenue by such a factor is a joke. Watch how fast that remaining $3mil burns.
The moonshot of USD vs. other currencies makes purchasing European hops and apples a lot less expensive. This along with the drop in energy could move SAM's already strong gross margins into, as the kids like to say..."sick" margins through 2015.
Remember one thing Gartman's analysis comes to us FREE via CNBC. Real analysis is built with data that is rigorous to compile and would never be brought to the masses by some guy peacocking on CNBC. Not long or short oil, but just tired of this guy with his 25 annual long tail predictions that continue to make the headlines.
Great post. When Buffett exited XOM it said something about how he views the industry from a valuation perspective. When the barrel was $90 he calculated that the company after lifting cost could pay the bills, replace the barrel, and then have a reasonable amount left over for owner earnings. After the barrel crashed to $50 it not only wiped out owner earnings but also the cash flow needed to replace the barrel, and in some cases the cash flow to pay the bills i.e. interest on debt. Since Buffett isn't in the business of timing markets he calculates this into perpetuity. So until the barrel either gets back up or cost can match the drop the intrinsic values of these E&P's are upside down. For that I don't think that there's such a thing as getting great value even though a lot of these are 50% below 52 week highs. You can make money, but lets' be honest because if you do so you're speculating on timing.
I wonder if this approach of leaking to the media that you want to be sold deep in a down cycle doesn't generate a few chuckles from the few in a position to acquire it. The stock might take a hit next week because it looks desperate.
The problem with mid-twenty percent growth is the comps that follow. The last big miss they had resulted in the stock falling below $100. That miss was then followed by a blow out the very next Q and turned the $100 shares into an excellent investment. The recent history of bounce backs is kind of a built in premium until proven otherwise. bbdott believes that the next Q will be a bounce. I have my doubts. Comps are a high hurdle, and competition is always tight. A new IPA, I doubt will move the needle.
Given the valuation of Craft makers you would think the Grossman family would want to cash in. Have not heard a peep of an IPO.
Interesting idea but I didn't see it from the top 10 holdings as being weighted towards energy. Also while its packaged and convenient for us joe six packs to buy from they do take a nice slice from the top. if Fed policy finally shifts you can say goodbye to 7% yielding junk bond era which could be a real drag on total return.
Better yet can you find me the next Rich Kinder? Find me a guy who can build a $90 billion beast from a $40 mil base. I would like to get in early so my initial investment pays back 10 fold in annual dividends. And the 100 fold capital gain would be nice also...Find me THAT GUY!