Even if you don’t drink this pisswater, such a merger could still affect you. In some states (California included), breweries are not allow to sell to retailers. It must go through distributors, and not all of the distributors are independent of the factory breweries. Even the ones that are, lets face it, would be subject to undue influence if one customer comprised 75% of their business.
I don’t think that’s correct. According to this article, Ballast Point had $51.7M in revenue and profit of $5.9M. in 1H 2015. Let’s say they make 1.5x that in 2015 for a total of $125M Revenue and $10M in profit (being generous).
That means the Price/Sales is 8 and a P/E of 100. THat seems really expensive to me.
