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TAP - Anheuser-Busch: Liquor Store Sales Spike To Offset Losses At The Bar
Molson Coors Brewing Company Class B
To my surprise, Anheuser-Busch (BUD) has been hit harder than most during the ongoing COVID-crash with the stock dropping from $82 to $42 as of writing. Liquidity has faded from both the stock and corporate bond market which has pulled BUD much lower.
That said, I highly doubt that demand for the company's brands is likely to decline. If anything, it will rise as millions of Americans and people all over the world look for enjoyable ways to spend their time at home. While sales did slump 10% in China and restaurant/bar demand