Beer billionaire

http://finance.yahoo.com/news/sam-adams-creator-becomes-billionaire-040001290.html

Congrats to Jim and everyone working for or invested in Boston Brewing.

He did what everyone opening a small brewery dreams of.  He made it a success and still makes a very good beer.  If only we all could be so successful in careers.

Paul

Jim Koch is an evil 1%er?!  Oh the humanity!!  ::slight_smile:

What next, Santa’s not real?

WHAT  :cry:

What I find irritating is I seriously contemplated buying shares of the company around 2000 at $8 per share, but it was fluctuating so wildly on a daily basis I did not. It’s at $226. Where’s the facepalm emoticon when you need it.

Ha. I went back and forth about that when it was $100 a share… figured they could be worth that much. Oh well!

Good on ya, Jim Koch!

Good for him.  I hope he’s still happy too.

Allow me…

facepalm.gif

yeah - I did a company valuation/financial modelling on SAM for my thesis, and found that it was valued (in 1999), based on my evaluation at about $43 per share, while it was currently trading at $7-$9.  I remember many laughing at me.

what is amazing to me, though, is the fact that all the voting shares of the company are owned by Koch and the company has stated it will never pay a dividend, and yet it still trades at 47x earnings.

i have heard that santa has add or dementia.  i mean he does have to keep making a list and check it twice

i wanted to drop a few grand on James Buster Douglas to beat mike tyson in 1989ish, just because he was from ohio.  I thought better of that rationale :stuck_out_tongue:

The American Dream come true.

Did you hear about the dyslexic blues man who went to the crossroads and sold his soul to Santa?

Was he named Johnson Robert?

hey guys, take it easy on us dyslexic types!

Dyslexics Untie!!!

It’s my understanding that 100 out of 17 people are dyslexic.

Everyone knows that Johnbert Robson is Santa’s Chief of Staff…  Shuh!

Making an otherwise crappy Monday somewhat better.  Thansk!