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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Slagle who wrote (62364)	4/21/2005 11:02:25 AM
From: shades	Read Replies (2) \| Respond to of 74559

Bwhah, I just heard on the news that warren buffet was buying annheiser busch - who is phil grandie - the prophet of wall street? stockta.com Every indicator said SELL - how can you trust this TA stuff? Yet Phil was saying BUY right? WTF? I am tempted to short here if I was a pure TA person, but its hard to go against The Oracle. Is BUD opening new beer plants in china?

To: Slagle who wrote (62364)	4/21/2005 11:16:19 AM
From: shades	Read Replies (1) \| Respond to of 74559

See our little BUD conversation completely destroys the short term TA stuff in my mind - it did not PREDICT todays jump did it? How did Phil know to buy? It wasn't the charts - what info did he have? I think you and I should listen to Phil a lot more slagle - he has been doing this for 40 years, I haven't been alive that long. Message 20906711 Still, CHINA's further opening represents a big opportunity for companies facing weaker sales growth in other major markets. Analysts estimate that CHINA's retail sales increased 13% in 2004 from the year before, double the rate of the United States. Retail sales actually fell in Japan and Germany, the two largest economies after the U.S. In one product category after another, CHINA is leapfrogging other countries to assume a leading share of the world market. In 2003, for example, CHINA overtook the United States to become the No. 1 beer consuming nation, guzzling an estimated 6.5 billion gallons. Worldwide, beer sales are increasing at between 1% and 2% a year, but the figure is closer to 8% for CHINA, said Steve Burrows, chief executive and president of Anheuser-BUSCH International Inc. That's why Anheuser-BUSCH spent $139 million in 2004 to buy Harbin Brewery Group, CHINA's fourth-largest beer producer, and agreed to be a corporate sponsor for the 2008 Olympics in Beijing. Burrows said the company entered CHINA more than a decade ago but only began eking out a profit in 2000. As with other products, the beer market in CHINA is highly dispersed and cutthroat. There are no national breweries and only a handful of provincial players. Instead, some 400 small beer operations, run mostly by the government, account for 90% of the beer sold in the country, Burrows said. "While the Chinese beer industry is the biggest in the world, it's one of the lowest in unit profitability," he said. Burrows and others are counting on CHINA to keep up its rapid economic growth, thus creating more wealth and greater demand for consumer goods. Disposable income in CHINA's urban areas crossed $1,000 per person in 2003, climbing 9%, right in line with growth in the nation's gross domestic product. Rural residents, who make up roughly 60% of CHINA's population, on average had less than $320 to spend or save after taxes in 2003.