Added to YB: 2019-06-21
Pitch date: 2019-06-21
BREW [bullish]
Craft Brew Alliance, Inc.
+20.42%
current return
Author Info
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Company Info
Craft Brew Alliance, Inc. brews and sells craft beers, ciders, and seltzers in the United States and internationally.
Market Cap
$322.7M
Pitch Price
$13.71
Price Target
24.50 (+48%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-44.77
EV/Sales
N/A
Sector
Beverages
Category
special_situation
Craft Brew Alliance: Speculating on ABI Qualified Offer
BREW: Speculating on ABI's potential $24.50/share buyout by 8/23/19 deadline per 2016 agreement. Kona pivoted from craft to mass-market "beach lifestyle" brand. ABI seen as overleveraged but deal fills portfolio gap. Mkt implies low odds; $20 Aug calls at $0.20 offer 20x upside if deal happens.
Read full article (3 min)