The company's balance sheet is strong --- no debt. Problem is their market share in the commodity beer market is falling as the big brewers squeezed them, and their High Falls category (featuring J. W. Dundee's Honey Lager) is failing as the whole specialty crew category loses steam. Their foods division is beginning to make good progress, but it is still about 10% of earnings.Growth prospects for the industry are not strong.That said the stock has plummetted from a high of 48 to 19 (over 2 years) and appears to be on a slow move up (now at 23). I know because I have held throughout.
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