Is Boston Beer Stock a Buy?
Boston Beer (NYSE: SAM) has fared well amid a generalized market sell-off created by the coronavirus pandemic. While the S&P 500 is still off by more than 16% from its peak in mid-February, Boston Beer stock has almost returned to its near-term peak established on Feb. 19.
Other consumer staples stocks have also seen smaller-than-average declines or outright gains as the overall market fell. Moreover, previous sales patterns for beverages could return to pre-COVID-19 levels once governments lift the lockdown and life begins returning to normal.
Although investors might be seeing a buying opportunity in Boston Beer stock at the moment, they should assess this company's investment worthiness based on the sales growth and consumption trends that were present before the rise of coronavirus skewed things.
Source Fool.com
