In in this down economy, BOOZE is still selling well
Especially booze sold in ‘value added’ packaging, so you can feel GOOD about getting more numbing for your buck.
Brown-Forman’s balance sheet remained strong and the company continued to operate during the six month period with an “A2” rating from Moody’s and an “A” rating from Standard & Poor’s (yes, we now know the ratings agencies gave ratings in certain industries without knowing a rat’s a** about the actual values of questionable assets they were looking at).
AND, the company’s Board of Directors has authorized the repurchase of up to $250 million of its outstanding Class A and Class B common shares over the next 12 months, subject to market conditions, getting their corporate value OUT of the public domain.
Even though I think America is Schizophrenic about its drugs
- they say that liquor is fine for us to drink on a daily basis
but anything else
and you go to jail -
B-F’s growth shows that corporations CAN addict their customers AND be financially viable. Who knew?
I wonder if B-F’s Board would like to get into the car making business? I hear there’s 35 billion up for grabs…
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