Who says SAM isn't poised for potentially massive upward movement? This is so frustrating trying to find trade ideas. I've subscribed to some email newsletters which helps me with new stock ideas. awesome*sto-cks is the one i like best.
The scenarios are quite interesting at current levels for SAM. if you guys have questions you should ask https://activepennystocks1.blogspot.com. They often respond to my emails which is helpful.
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If we are to go off the RSI then you could argue that a pull back next day or so could occur on SAM before rallying up. if you guys have questions you should ask awe-som_sto-cks. They often respond to my emails which is helpful.
The scenarios are quite interesting at current levels for SAM. check out Awe.Some.Sto-ck.s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
Thinking about picking this up around 138, I have a feeling this will be getting bought out closer to the time chairman Koch steps down. Any thoughts?
Downside risk pretty much eliminated now I would guess, thoughts? awesom*sto-cks just allerted a new stock - it beats having to dig online yourself for new stock ideas.
This has low fruit hanging for last six months and nobody cared to tell you.
To bad Goldman didn't read my post that millennial's like the Truly Spiked and Sparkling before saying to sell.
Congrats to SAM on a great quarter.
I called investor relations last year with some great advice to turn this ship around. She all but hung up on me and didn't give 2 hoots of what I had to say. When SAM starts listening to its customers and investors things should start to turn around quickly. BTW have been long since 1997
The problem with Sam's incessant buying back of shares on the open market the past 3 years is it cannot mask reality of falling sales in an overcrowded market of microbreweries in the US. Here is what Sam earned and what it spent in stock buybacks the past 2 years: (THis is from their 2015 and 2016 Annual Reports) Year Net Profits Shares bot Avg Price $ Spent Total Loss based on current $131/shr Price 2015 $98.4 Mill 617,274 $224.77 $138.7 Mill ($57.8 Mill) 2016 $87.3 Mill 948,117 $170.89 $162 Mill. ($37.8 Mill) 2017* $5.7 Mill + 283,000 $153.00 $43.3 Mill. ($6.2 Mill)
(*2017 is from their 1st Qtr 2017 Earnings report - Earnings thru 3/31, but stock purchases thru 4/17) So their Net Profits for the 2 years and 1 Qtr were $191 Mill, but they spent $344 Mill buying back stock at very high prices. Goldman Sachs downgraded Sam due to falling beer sales, (falling demand). They didn't mention growing supply (6,500 microbreweries in the US and growing). In college, my micro-economics professor taught us that lower demand and higher supply meant declining profits. He didn't mention anything about a company spending all its cash on inflated stock, but I don't think it is wise.
I'm going to try and help SAM with a new idea. That idea is to come out with a awesome IPA that celebrates old iron side. Put a picture of the ship on the label. Once the label is done come up with an awesome IPA. Rebel doesn't even come close. The IPA has to be awesome. Dogfish 90 minute or Captian's daughter are 2 good IPA's to try and beat.
Even our national SAM can't drink our way out of this one. Fine 🍷 can't age
Boston Beer Co Inc NYSE $SAM Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.2 In other words, the correlation coefficient of the other stocks
Good news longs. Was at a cook out and one of the "millennial" guest was drinking Truly Spiked and Sparkling.