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vice investing
It’s not often that a stock with a $5 billion market cap soars by over 20% in a single trading day, but such is the case for Constellation Brands ($STZ), the largest publically-traded wine merchant, and now the sole distributor in the United States of Corona and Grupo Modelo’s other Mexican beer brands. Constellation was...
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Nothing is more detrimental to the long-term viability of an investment theme than its own success.  In the often circular logic that defines the market, profitable trades can only remain so as long as they are unpopular.  Once they are embraced by the investing public, prices have generally risen to a point that would make...
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Have you ever noticed that new “premium” vodka brands seem to pop up every other year, yet the quality scotch brands you see on shelves today are the same ones you might have seen in your grandfather’s liquor cabinet? There is a reason for that. Vodka is colorless, flavorless and can be mass produced from...
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The news just doesn’t get better for Harley-Davidson (NYSE: HOG) and its peers in the “big bike” business. US motorcycle sales shrank by 14.1% in the third quarter from the year before, extending the grueling decline to 15 consecutive quarters. Remember, that is a 14.1% decline from the already deeply depressed sales figures of 2009....
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