After the company's latest earnings report, shares of Boston Beer Company (SAM) fell approximately 5% in after-hours trading only to make a full recovery a few days later. The reason is simple, the small beer brewing company simply could not keep up with robust demand for its products and therefore missed the consensus estimates for the quarter. This is a great problem to have, by the way!
The plunge in share price presented a perfect opportunity to load up on the industry's smallest and fastest growing domestic brewer. Click here to learn more about why I am looking to add to my position in Boston Beer.
Philip
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