SAM - Is Prohibition Back? Boston Beer Company Shareholders Feel Like It Is
Bucking the trend of many pandemic-era stocks, Boston Beer Company (NYSE: SAM) was not a tech darling, but its revenue and earnings exploded higher in 2020. As a result, the stock boomed -- rising from $300 to over $1,000 in just nine months.
The good times haven't lasted for the maker of Samuel Adams, Angry Orchard, and Truly Hard Seltzer, as the stock has made a round-trip from its rise and sits now below $400. With such an epic rise followed by a rapid fall, is Boston Beer a buy?
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Is Prohibition Back? Boston Beer Company Shareholders Feel Like It Is