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HSBC dowgrades ABInbev and it loses another 3 billion in market cap today

Posted on 5/10/23 at 8:10 pm
Posted by trinidadtiger
Member since Jun 2017
13633 posts
Posted on 5/10/23 at 8:10 pm

Here is blip from the downgrade:

Carlos Laboy, managing director at HSBC's global beverage sector, told CNBC that there are "deeper problems than ABI admits" after the social media partnership with Mulvaney in April.


"Is ABI’s leadership getting the brand culture transformation right? It’s mixed," Laboy wrote Wednesday in a note.

"At Ambev, we think the answer is ‘yes;’ in the US, we think it’s ‘no.’ The way this Bud Light crisis came about a month ago, management’s response to it and the loss of unprecedented volume and brand relevance raises many questions," Laboy continued.

Latest sales numbers from Nielsen ending week April 29th, bud light sales down 23%. Now keep in mind this is with them no doubt discounting the snot out of the brand.

I still dont understand why their stock is falling, I was told by many on here that it did not matter that wall street would prop up the price, right, am I right???
Posted by roadGator
Member since Feb 2009
141337 posts
Posted on 5/10/23 at 8:12 pm to
But but but, the tranny (gay pretending to be a 13 year old girl)market is so huge.
This post was edited on 5/10/23 at 8:43 pm
Posted by thebigmuffaletta
Member since Aug 2017
13181 posts
Posted on 5/10/23 at 8:13 pm to
But the board groomers said this wouldn’t happen
Posted by Strannix
District 11
Member since Dec 2012
49136 posts
Posted on 5/10/23 at 8:21 pm to
It could go to zero
Posted by Robin Masters
Member since Jul 2010
30172 posts
Posted on 5/10/23 at 8:27 pm to
Right leaning people far outnumber the filth and this is just yet more evidence. If not for cheating Dems would be 25% of Congress.
Posted by RCDfan1950
United States
Member since Feb 2007
35125 posts
Posted on 5/10/23 at 8:31 pm to
AB is toast; the frustration and wrath of years of Prog corruption is landing right in AB's lap. Beer drinkers will just change their brand, as no real beer lover is going to be caught downing the 'Tranny' brew.
Posted by BigTigerJoe
Member since Aug 2022
5984 posts
Posted on 5/10/23 at 8:34 pm to

It could go to zero

Maybe they need to sell the company with everyone getting fired. New ownership has a national campaign called, "You're fired. Time to drink up! Celebrate new ownership with Budweiser." Commercials end with everyone cheering.
Posted by Goonie02
Member since Dec 2019
2575 posts
Posted on 5/10/23 at 8:38 pm to
ABInbev products are getting the same stigmatization as disco. being viewed by general audiences as lame and corny.

what an absolute disaster.

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