Ballast Drags on Constellation Beer Depletions

Dear Client:When Constellation Beer reported almost 12% depletion growth for its Q1 quarter this morning, news wasn't as great for its Ballast Point brand. The company revealed an $87 million impairment charge to the trademarks associated with Ballast Point, due to its performance. Recall, though, that this time last year, Constellation chief Rob Sands couldn't put Ballast Point's success into words. "The growth is so high what can we even say... I mean, we don't, we can't even talk about