Well, talking in general terms can be helpful but also detrimental. Phils is right, the acquirer only needs to have cash now, then within three years they must have a brewery they own or one they are working with to manufacture Labatt INSIDE THE CONTINENTAL USA. Don't forget, we have an existing relationship with Cold Springs already in MN. They make some excellent beers. The only reason we are looking for a new brewery is that it is believed Kid Rock wants a Michigan brwery for a heartland USA beer from his home town so to speak.
Drinks is a distributor and acquirer of brands but Kenny was adamant before that he is not getting into the manufacturing game. Also don't forget that the option exists to turn that brand over again in three years along with the rights to brew.
I was using the $1 a share as an example. It could be $2, or $3, or $5. It's whatever deal they can reach an agreement on, and will change on every deal they pursue.
The articles I've read and videos I've watched are all very deeply entrenched in this 30 times cash flow for a business being bought. This economy is allowing for a $900 mil business to be bought for pennies on the dollar. Anybody should be chomping at the bit to put a bid in for that kind of discount. Three years from now, this economy will be soaring and thriving again. You can wager all you own on that!
That cash flow is your ticket to a Nasdaq listing so to say anyone doesn't like it, or is looking at how it will wreak havoc isn't looking outside the box.
Plus, the instant you issue shares to make a deal and you get listed on Nasdaq, you come right back in behind it and start buying shares back with a share buyback announcement.
If everyone is driving defensively, then somebody has to be on the offense!
If everyone is driving defensively, then somebody has to be on the offense!
