12-01-24: Looking this one up to update today I was reminded that the older version of this blog was a little different. I had some cool custom features that were killed from a few host migrations, and witty headlines (or, at least, halfway). Anyway…Sort of surprising to see the booze industry tanking around the holidays, but Mr. Market is going to be a little spazzy for while. I try to stay away from conspiracy theories, but…wealth distribution is way off kilter this century and it would not be surprising to think that this sector is being shorted on one hand so the few can pick it back up cheap. I’m doubling down on this one, which I think will have a faster recovery than Diageo plc (DEO) because it has lower priced products and a lower dividend.
09-26-24: If this were one of my prose blogs I would probably tell a tale of two stocks. I bought BUD back when it was a US company and did great with it. When InBev bought them for cash my told return was 55%. A few years later, they re-listed under the same symbol, which I only discovered because I had been too lazy to remove it from my trackers after it was delisted. I bought again. I have not done as well this time around, and the chart basically reads like the heart monitor when a character on TV is on life support. Plus, the dividend is a lot smaller than when it was the American company. It’s still a decent defensive play and I will watch for any big dips or jumps when Mr. Market is over stimulated.