madscientist451
Well-Known Member
So Sam Adams Stock took a dive, but this is after their earnings were up by 30%+. The article below says they over estimated potential sales of their Truly hard seltzer and that's why they missed their earnings target by $50 million:
https://www.foxbusiness.com/markets/boston-beer-stock-obliterated-hard-seltzer-hit
The article explains that with 220 seltzer brands on the market, consumers are getting "confused".
But with all the competition among seltzer, craft beer and other alcohol producers, why don't consumers ever see price reductions?
Sam Adams is sitting on excess inventory and is a well established producer, why don't they lower their price, dominate the market, and drive less established competitors and inefficient producers out?
How much does it cost to make hard seltzer anyway? Shouldn't it be cheaper than everything else?
Simple econ 101: more competition in the marketplace = better products and lower prices.
Rant over.....
https://www.foxbusiness.com/markets/boston-beer-stock-obliterated-hard-seltzer-hit
The article explains that with 220 seltzer brands on the market, consumers are getting "confused".
But with all the competition among seltzer, craft beer and other alcohol producers, why don't consumers ever see price reductions?
Sam Adams is sitting on excess inventory and is a well established producer, why don't they lower their price, dominate the market, and drive less established competitors and inefficient producers out?
How much does it cost to make hard seltzer anyway? Shouldn't it be cheaper than everything else?
Simple econ 101: more competition in the marketplace = better products and lower prices.
Rant over.....