Posted on 05/30/2023 9:58:27 AM PDT by cotton1706
Last week we provided an update on plummeting sales of Bud Light as well as other Anheuser-Busch InBev SA/NV products.
The latest data for last week suggest the situation is getting worse.
Anheuser-Busch InBev stock looks set to blow through the previous critical support.
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We have guided that it has been a wise investment decision to short Anheuser-Busch InBev SA/NV (BUD) stock following the consumer backlash stemming from its marketing campaign featuring transgender "TikTok star, Dylan Mulvaney, who promoted the company’s “Easy Carry Contest” on social media outlets and featured Bud Light prominently. A portion of the customer base disagrees tremendously with this and has called for boycotts. The boycott is clearly having a huge impact.
Last week, we told you sales were plummeting and that the stock was at a critical support. Take a look at the chart:
That support was identified to be about $56, and now BUD stock seems to be blowing through this level. Downside could be well under $50 now if sales data does not improve or if the company does not do something to win back its customer base. It may be too late for many to return, or, it could be a short-term impact. However, a review of the comments section of any article on this issue suggests lifelong customers may never return. For those who have not seen the video, it is here.
BUD stock has now retraced to and looks to be breaking below what we viewed as a very key level of support. In our opinion, if BUD stock does not recover the $56 level, there is at least another 10% downside here
(Excerpt) Read more at seekingalpha.com ...
oh darn..
whats for lunch?
I’m just so heartbroken over this. /sarcasm of course
If I didn’t know any better I’d say George Soros is about to buy the company. After all, he does this kinda crap to entire countries. Ruin them and buy them.
And yet the supid, ignorant, wokester VP of Marketing still has a job...
Using tranny’s to engage in multi-front destruction. Then pick up the pieces.
October of 2022 did not look good either. I wonder what happened then?
How can a company that only years ago make the best commercial in US history (referring to the puppy/ Kylesdale commercial) become what it is today.
They just need more outreach and advertising. Over the weekend I was at a new small restaurant in the “trendy” area of town. Seated adjacent to me were 3 bona fide trannys in their 20’s, not fooling anyone of course. To my surprise not a single one was drinking an ice cold bud light.
People are ignoring that it’s bad beer.
Trump Jr. is deeply saddened.
These CEOs are looking at the eleciton results, and think that it has something to do with what people actually think.
She will be promoted soon.
They may have dysphagia, but they aren’t confused about the quality of beer.
Seems like people are dropping these slimy woke corporations like a bad habit.
One of the keys to success is to identify your bad habits and replace them with better habits.
Beware of the new Bush Light commercials!!!!!
It’s so manly. Trying the old switcheroo.
You ask How? It’s simple. These corporations INSIST on hiring Ivy League Wokester POS individuals.
The ENTIRE Ivy League produces nothing but WOKE indoctrinated TRASH!!!
Prove me wrong!
“People are ignoring that it’s bad beer.”
I’ve never been much of a beer drinker anyway but I NEVER liked Bud. It was just beer flavored water that gave me a headache.
I could drink tons of Corona without any headache.
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