Saturday, March 08, 2008 8:00:49 AM
SAM Chart 34.15
Just doing a little browsing this morning and found this one. One thing about it, no options available so we would have to go long or short on it.
One thing I noticed is that it has channeled nicely between 34.00 and 39.00 with it currently sitting at the bottom of that channel. IMO it looks like many have sold off in fear of holding through financials. If financials end up being bad I think much, maybe not all, of the hit has already been figured in to the PPS.
On a side note check out the pinch it had back in mid November. 31.00 to 39.00 in about 4 weeks is a nice gain no doubt about it for a stock in this price range.
The big drop was due to bad financials for that quarter. That was due in part to the sharp rise in the cost of Hops, one of the primary ingredients used in beer. I look for this to work itself out.
The company is a super low floater, just over 14 million shares issued and outstanding. Good earnings this week would send this one up in a big hurry IMO. They post on Tuesday
Another thing I love, it's a beer stock. What do people do if they are unemployed and don't have to work?? Well many of them that drink beer, drink more beer.
Couple things I noted that I like on their stats
Return on assets 11.84%
Return on earnings 15.51
Cash on hand, 91 million with no debt
Current ratio 3.035
SAM key statistics
Just doing a little browsing this morning and found this one. One thing about it, no options available so we would have to go long or short on it.
One thing I noticed is that it has channeled nicely between 34.00 and 39.00 with it currently sitting at the bottom of that channel. IMO it looks like many have sold off in fear of holding through financials. If financials end up being bad I think much, maybe not all, of the hit has already been figured in to the PPS.
On a side note check out the pinch it had back in mid November. 31.00 to 39.00 in about 4 weeks is a nice gain no doubt about it for a stock in this price range.
The big drop was due to bad financials for that quarter. That was due in part to the sharp rise in the cost of Hops, one of the primary ingredients used in beer. I look for this to work itself out.
The company is a super low floater, just over 14 million shares issued and outstanding. Good earnings this week would send this one up in a big hurry IMO. They post on Tuesday
Another thing I love, it's a beer stock. What do people do if they are unemployed and don't have to work?? Well many of them that drink beer, drink more beer.
Couple things I noted that I like on their stats
Return on assets 11.84%
Return on earnings 15.51
Cash on hand, 91 million with no debt
Current ratio 3.035
SAM key statistics
A tornado is like a stock, it takes just the right conditions to form a huge one but once it forms, nothing can stop it!
my posts are only my opinions, nothing more
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