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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (19981)	2/17/2005 8:09:58 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78665

Well BUD continues to hit new annual low, and I continue to buy small amounts. Very possibly the p/e is undergoing a slow and long-term downward revision by the market. The beer business just isn't growing revenues very much. And no matter if BUD buys back stock, introduces new beers, maintains/improves its great distribution network and dominant postion, there may be no long-term way around slow market growth. OTOH, they were talking about how beer was a slow-growth (product sales) business when I was a kid, and BUD seems to have done okay. (But not the stock recently - stagnant in the past three or so years.) I'll try to hold for 18 months or so to see what happens. finance.yahoo.com