Jun
27
BUD is the only one up… Maybe I should take a hint
June 27, 2008 |
Anheuser Busch (BUD) seems to be the only stock going up today. Maybe I should take a hint and drink a cold one. Or maybe I should understand that in a recession/depression or any sad time,vice is a good bet. People spend their money trying to eliminate their feelings (or at least hide them).
They announced a share buyback and workforce cuts. It seems they have the determination to remain independent.
I admire that company. Maybe it is one of the few things left of the America that I came looking for.
Cheers!
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