Do Franchise Laws Devalue Craft Co’s?

March 31, 2011 Do Franchise Laws Devalue Craft Co's?Dear Client: After yesterday's manifesto-lite on this watershed M&A year, many of you wanted to weigh in. One truth squadder highlighted an issue that hasn't gotten much light: Do franchise laws in fact devalue craft companies? They started their point with a pertinent question: What's the valuation forcraft brewers? We're starting to get a swath of benchmarks. The public companies are Boston Beer and CBA. Boston's market cap is something like $540/barrel