Dirty Water, Wild Claims, and Beer Stocks

It was a generally tough week for reported US beer volumes, but a better week for beer stocks. While I would very much like to take credit for this, as I was traipsing around Europe last week speaking with and listening to big institutional investors, many of whom own large stakes in beer companies, the reality is that US beer stocks likely benefited from the mass exodus of capital from any public company operating in fast-growing but volatile second and