Bus Light has lost $30B in market cap because it wouldn’t apologize & risk ESG
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Date: May 31st, 2023 2:12 PM Author: Concupiscible Community Account Garrison
Backlash. Lmao
Anhueser Busch is now down 22% in a straight line. Just amazing
(http://www.autoadmit.com/thread.php?thread_id=5348520&forum_id=2#46375557)
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Date: May 31st, 2023 2:43 PM Author: Sticky casino doctorate
As with all stocks, multiple factors affect market changes, such as political climate, competition, etc. – not just consumer behavior.
Experts said that such market declines are common. For example, the value of AB InBev BUD shares was $58.05 on Feb. 10, 2023, went up to $62.08 on March 3, and then declined to $59.78, on March 7. "[Such] declines are historically not unusual," wrote Dan Hunt, senior investment strategist at Morgan Stanley.
Similarly, Nicole Goodkind of CNN Business explained companies make more comebacks from declines than the other way around. "The 14 bull markets since 1932 have returned 175% on average, while the 14 bear markets starting in 1929 have resulted in an average loss of 39%, according to S&P Dow Jones Indices data," Goodkind wrote.
(http://www.autoadmit.com/thread.php?thread_id=5348520&forum_id=2#46375693) |
Date: May 31st, 2023 2:34 PM Author: Magical honey-headed parlor
"There was no evidence to support the claim of a causal link between the calls for a Bud Light boycott in April 2023 and the company's financial standing. Snopes reached out to Anheuser-Busch's but we did not hear from the company as of this writing. We will update this story when, or if, that changes."
"no evidence"! none! not a scintilla that the boycott has affected the stock price. no evidence!
(http://www.autoadmit.com/thread.php?thread_id=5348520&forum_id=2#46375654) |
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