Review
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On September 1, 2016, when Craft Brew Alliance (BREW) was trading at $19.41, we said there was considerable downside risk. BREW fell nearly -40%.
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On April 7, 2017, we indicated that the downside had effectively run its course after falling to $13.15. BREW increased in price from that point forward.
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On December 16, 2017, we highlighted a downside pattern that seemed likely from the price of $19.20. That pattern played out.
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On September 4, 2019, we said a temporary bottom had occurred with the downside risk to $7.47 or $5.34.
Today
On November 12, 2019, after closing the day before at $7.33, BREW received an offer of a buyout from AB InBev (BUD) for $16.50 a share. This closes out our three year analysis of Craft Brew Alliance.
