▲ 3 r/ValueInvesting
Why did buffet sell out on STZ? What am I missing?
While after doubling down after earnings misses. I mean these guys own, develop or own the rights to distribute over 100 popular brands of booze, wine, and beer, worldwide. They buy brands, build brands and sell brands when they are no longer profitable. Whether gen z in America still drink or not doesn’t necessarily crush their business if newly minted middle classes in emerging and developing nations around the world begin to buy the brands they see as showing promise. Especially with the hispanic demographic which is growing.
u/Burgerboy1128 — 5 days ago