More on ABI as Master of the Universe

Dear Client:Last week we wrote about Chris Herron of Creature Comforts (and a MillerCoors and Diageo alum) who wrote a provocative and thoughtful piece over at Good Beer Hunting.Chris' thesis was that ABI is playing a very long game in buying up regional U.S. craft brewers with the intention of, among other things, preventing a balance sheet impairment charge write-down of the blue sky value of Bud and Bud Light's brand equity value due to market share losses, thereby impairing