1 Growth Stock Down 74% to Buy Right Now
When it comes to investing in beaten-down growth stocks, many investors think first of risky, high-growth tech names that have yet to turn a profit. But I've got my eye on shares of another business in the consumer goods sector that's not only achieved consistently positive cash flows and sustained profitability, but also operates in one of the steadiest industries our market has to offer.
Enter The Boston Beer Company (NYSE: SAM), an alcoholic beverage leader best known for its flagship Samuel Adams craft beer brand, as well as Twisted Tea, Angry Orchard Cider, Truly Hard Seltzer, and a number of smaller craft brews.
The catch? Boston Beer doesn't exactly look like it fits the definition of a growth stock these days. Boston Beer did enjoy impressive top-line gains as alcohol consumption skyrocketed during the pandemic, with quarterly revenue growth peaking at nearly 65% year over year in the second quarter of 2021. Its shares followed suit by more than tripling in less than a year, to nearly $1,300 per share that April.
Source Fool.com
