Within the beer market, I've wondered why non-alcoholic beer hasn't done better than a low single-digit market share. These products used to be promoted, but it's been a long time since I've seen an ad for one.
Regarding the hard-liquor companies, isn't there a risk of increased taxes/regulation that's not fully baked into the valuations?
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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