Budweiser Returns For US Investors (BUD, TAP, SAM, HOOK)

247wallst — Fri, 11 Sep 2009 16:42:27 +0000

Budweiser is back for US investors. It has been some time that US investors have been able to invest in an large beer company since Anheuser-Busch was acquired by InBev. But it is coming back to a US-stock-listing. Anheuser-Busch InBev has announced that starting Wednesday, September 16, its ADR will list on the NYSE under the old “BUD” ticker. The NYSE listing upgrades the company´s existing Level I ADR program, which was launched on July 1, 2009.

It has been hard for US investors to invest in the beer market. Molson Coors Brewing Company (NYSE: TAP) was the largest, and despite its Denver HQ many are under the impression that they are investing in the Canadian Molson beer company since Coors and Molson merged. Besides that for US-beer plays, investors have only had Boston Beer Co. Inc. (NYSE: SAM) with a small $550 million market cap and the micro-cap stock Craft Brewers Alliance Inc. (NASDAQ: HOOK) to invest in with its $57 million market cap.

Following the Peter Lynch mantra, investors can once again invest in the company of a brand they regularly use.

JON C. OGG
September 11, 2009

Posted in ADR, Buffett, Calendar, Consumer Goods, Editor's Picks, Exchange News, Food, Mergers and Buy Outs, Product Review, Retail Tagged: BUD, HOOK, SAM, TAP

The 52-Week Low Club (AMGN, AU, BGP, HB, IP, JBL, MOT, HOOK, RVBD, SLRY)

247wallst — Thu, 20 Mar 2008 14:41:35 +0000

This week felt like a yo-yo of volatility, and frankly that makes it even better that it was a 4-day work week for the stock market. Despite the huge rally today that was led by the financials, there were plenty of shares that hit the wall of shame on the 52-week low list. Not all of these closed under their 52-week lows, but the list was far larger than one would guess for the way the market acted today.

Amgen (NASDAQ: AMGN) just keeps going and going. This broke under $40.00 today as life gets uglier and uglier for anemia drugs. Got back above $40.00 late in the day so it doesn’t look like a low close.
Anglogold Ashanti (NYSE: AU) bit the dust with gold prices lower again. Under $31.00 late in the day; prior range $31.88 to $51.35.
Borders Group (NYSE: BGP) bit the dust. Shares fell sharply after its earnings report. It’s killing the dividend and "reviewing strategic alternatives." Down 35% late in day at $4.56; prior range $6.90 to $24.15.
Hillenbrand (NYSE: HB) hit the list too, although this is sellers unloading before it breaks itself into two at the end of the month. This is likely just sellers getting out ahead of what they think may be an uncertain event. Shares down close to $48.00 late in day; prior range $48.40 to $69.45.
International Paper (NYSE: IP) is now down to under $27.00. Wasn’t this just at $40.00 a few months ago? Cyclical business, down 2% late at $26.87; prior range $27.44 to $41.57.
Jabil Circuits (NYSE: JBL) looked pretty bad today down almost 6% to $11.51 late in day with prior range $12.02 to $26.18. Trailing P/E still high.
Motorola (NYSE: MOT) wouldn’t be fair to leave off the list… again.. shares traded under $9.00. Carl Icahn has to be furious that he stayed here. The good news is that croaker-granola got back above prior $9.12 low to $9.20 at 3:30 PM EST.
Redhook Ale (NASDAQ: HOOK) fell over 10% and $5.00 is getting farther and farther away with shares at $4.35 late in day; prior low was $4.55… Maybe we should have some Redhook ale this long weekend to help[ them out.
Riverbed Tech (NASDAQ: RVBD) traded down to under $15.00 today before recovering. Shares were at $15.20 late in the day and the prior 52-week trading range was $15.16 to $52.81.
Salary.com (NASDAQ: SLRY) is one we should have stuck with on our short-sell call in "10 Stocks Under $10" as it came back down. Shares down to $6.32 late in day with prior 52-week trading range of $6.37 to $16.32.

Next week is a full week, and you know there will be more 52-week lows being put in regardless of what the market does. Stay tuned!

Jon C. Ogg
March 20, 2008

24/7 Wall St. » HOOK

Budweiser Returns For US Investors (BUD, TAP, SAM, HOOK)

The 52-Week Low Club (AMGN, AU, BGP, HB, IP, JBL, MOT, HOOK, RVBD, SLRY)