ABInBev

Apart from the fact that BIG BEER abbreviations are getting more baroque, it is interesting to hear that Anheuser has tumbling profits according to the Wall Street Journal.  You would think that the cheap beers would be flying out of stores.  But because they buy in bulk and hedge its raw materials purchases means it is locked in to old, high hop prices while the small brewers are making less but better beer at cheaper prices.  I say it too much but your local small brewer always seem to do more with less.