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Started By
Message
Report: Ballast Point Sells
Posted on 11/16/15 at 10:04 am
Posted on 11/16/15 at 10:04 am
to constellation brands for $1billion
Nadaq article
That's a lot of money.
Nadaq article
That's a lot of money.
This post was edited on 11/16/15 at 10:07 am
11
Posted on 11/16/15 at 10:12 am to LSURoss
holy shite Ballast Point is worth a billion bucks??? That cant be right...
Posted on 11/16/15 at 10:14 am to LSURoss
Lime Sculpin for erbody!
Posted on 11/16/15 at 10:15 am to LSURoss
quote:
to constellation brands for $1billion
That number doesn't sound right. I know they are a big craft brewery, but not Billions big.
Posted on 11/16/15 at 10:16 am to BugAC
quote:
That number doesn't sound right. I know they are a big craft brewery, but not Billions big.
Have you seen how much a 6-pack of Sculpin sells for?
Posted on 11/16/15 at 10:16 am to gmrkr5
quote:
ly shite Ballast Point is worth a billion bucks??? That cant be right
I don't understand that either
Posted on 11/16/15 at 10:18 am to BMoney
quote:
Have you seen how much a 6-pack of Sculpin sells for?
Posted on 11/16/15 at 10:19 am to BugAC
Goose Island sold for like 40 mil 4 years ago. no way Ballast point is worth another 960mil.
Posted on 11/16/15 at 10:31 am to LSURoss
How many barrels are they supposed to be brewing in 2015?
Posted on 11/16/15 at 10:33 am to s14suspense
Maybe it is a billion pesos?
Edit: While I just put this as a joke...apparently 1 B pesos is about 60 mil.
Edit: While I just put this as a joke...apparently 1 B pesos is about 60 mil.
This post was edited on 11/16/15 at 10:34 am
Posted on 11/16/15 at 10:37 am to gmrkr5
quote:
Goose Island sold for like 40 mil 4 years ago. no way Ballast point is worth another 960mil.
Ballast Point's 2014 revenue was just short of $50 million. Their IPO was going to be somewhere around $175 million. I don't see how Constellation got to $1 billion either.
Posted on 11/16/15 at 10:40 am to s14suspense
quote:
How many barrels are they supposed to be brewing in 2015?
4 million cases of beer – about 290,000 barrels
Posted on 11/16/15 at 10:43 am to s14suspense
quote:
How many barrels are they supposed to be brewing in 2015?
nasdaq article says 4 million cases in 2015...
quote:
Ballast Point is on pace to sell nearly 4 million cases in calendar 2015, which would represent growth of more than 100 percent versus calendar 2014. Net sales for calendar 2015 are expected to approximate $115 million. Volume and net sales growth from calendar 2012 to calendar 2014 averaged over 80 percent. Ballast Point employs more than 500 employees, produces beer in four facilities in the San Diego, CA area, and sells its beer in over 30 states.
Posted on 11/16/15 at 10:51 am to Fratastic423
quote:
Edit: While I just put this as a joke...apparently 1 B pesos is about 60 mil.
Posted on 11/16/15 at 10:51 am to BMoney
I love the grapefruit sculpin - but not a billion dollars worth
Posted on 11/16/15 at 10:53 am to KosmoCramer
quote:
4 million cases of beer – about 290,000 barrels
Thanks for doing the math.
I think recent sales have been for about $1,000/barrel so that'd put them worth around $290MM. They've got quite a few physical locations and a distillery setup but don't see how they'd be worth 1 Billion still.
Crazy.
Posted on 11/16/15 at 10:53 am to LSURoss
It's a lot, but...
If they are willing to pay it, it's technically worth it, at least to them. I'm sure they feel like this is their foot in the door of this segment of the industry and they can make their money back.
If they are willing to pay it, it's technically worth it, at least to them. I'm sure they feel like this is their foot in the door of this segment of the industry and they can make their money back.
Posted on 11/16/15 at 11:08 am to Matisyeezy
Well, good news, is that i'm guessing we'll be seeing sculpin here. Bad news is they'll probably up the cost to make up for that $1 billion buy out.
Posted on 11/16/15 at 11:09 am to BugAC
I dont know how they could up the price. They are expensive as shite already.
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