Craft Brewers Alliance Posts 2009 Profit Now What?

Dear Client: Craft Brewers Alliance eked out a profit for 2009 of nearly $900k, a big change from the losses they incurred prior to the merger of Redhook and Widmer (they lost $33 million last year). Yesterday's annual report was the first full year since the merger, although drawing a bead on trends is tough because it's still an apples to oranges comparison. We may have more color after their conference call today. The company, while profitable and growing, isn't