Friday, August 24, 2007

Why invest in Iron City?

There’s something about this that fails to make sense.

Problems mount for bankrupt brewer (Friday, August 24, 2007; by Len Boselovic, Pittsburgh Post-Gazette).

The proposed saviors of bankrupt Pittsburgh Brewing, who last month were given an additional 45 days to complete their takeover of the troubled Lawrenceville brewer, are confident they'll meet the latest deadline extension.

If the swill segment of the beer market remains static, and the craft segment grows at a pace of 10% a year, is it a good investment to pour millions into a brewery that brews only swill? Just think what could be done with such a sum.

(thanks to Scott for the link)

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