Anheuser-Busch InBev NV (ADR) (BUD): Boston Beer Co Inc (SAM) Just Made a New York Acquisition

As it stands, however, shares of Boston Beer have still more than doubled over the past year and currently trade just below their all-time high, easily outpacing the returns of both the broader markets as well as every one of the aforementioned competing brewers:

SAM Total Return Price data by YCharts.

And you know what? Even after its meteoric rise and with shares admittedly trading at a premium of nearly 45 times last year’s earnings and 35 times next year’s estimates, I still love Boston Beer Co Inc (NYSE:SAM) from an investment perspective. After all, truly great companies tend to have a habit of repeatedly setting all-time highs, and there’s a compelling case for not worrying about overvalued stocks over the long run, anyway.

In the end, today’s acquisition makes it all too clear that Boston Beer Co Inc (NYSE:SAM) will settle for nothing less than complete domination of America’s substantial beer market, and that’s something I’ve long remained convinced is firmly within its reach.

The article Boston Beer Just Made a New York Acquisition originally appeared on Fool.com.

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Boston Beer and Molson Coors Brewing (NYSE:TAP) Company. The Motley Fool owns shares of Boston Beer. 

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