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ROX - Craft Brew Alliance Plummets: What Happens Next?
Castle Brands Inc.
Craft Brew Alliance (BREW), for those unfamiliar, is the maker of various craft beer brands. Its flagship is the Kona line of brews – Kona makes up about 60% of its total beer volumes. It is also notable for the Widmer and Redhook craft brands, along with its Omission gluten-free beer. Interestingly, the company actually went public as Redhook back in the 90s, and has changed and added to its brands line-up over the years, with Kona gradually surpassing Redhook as the main attraction.
After months of intrigue, BREW stock plummeted recently. That's