Boston Beer Company, Inc. (The)
Long

$SAM potential bottom (3/5)

140
Conviction: 3/5


General Thesis
  • potential bullish div on weekly RSI @ oversold levels
  • could go down more to touch lower channel support (2008)
  • fallen about 50%, normally fall 61.8%


Growth
  • Gross margins have steadily decreased since 2011
  • Revenue growth experienced high growth in 2020-2021, but have come down from 50% to about 15%


Value
  • P/FCF expensive (negative FCF)
  • P/S about average


Fundamentals & Balance Sheet
  • low debt to asset (<1)
  • quick ratio could be better (.8)


Potential Risks
  • expensive P/FCF
  • another leg down for bullish divergence
  • another leg down to touch lower trend line support

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