There Will Be No Shakeout in Craft

December 5, 2013Dear Client: After yesterday's piece about a craft brewer joining the over-the-counter public equity markets, several readers asked whether this preludes another craft "shakeout" or "bursting of the bubble." Actually, despite my curmudgeon reputation when it comes to irrational exuberance, I agree with the folks at the BA that there is definitely no imminent bubble bursting or even a shakeout, as I interpret the meaning of the word, or a rollup or a crash or anything else you