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Beer investing: Craft Brewer’s Alliance, Inc. (HOOK)

Posted August 6, 2008

by Laura Cadden, TodaysFinancialNews.com

Beer investing: Craft Brewer’s Alliance, Inc. (HOOK)

Formed July 1, 2008 after the merger of Widmer Brothers Brewing Company and Redhook Ale Brewery, Inc., Craft Brewers Alliance, Inc. (or CBAI) is ripe for investing.

You can see by the chart that shares were impacted by the merger, but are now recovering.

In addition to their Widmer Brothers and Redhook, Oregon-based CBAI also markets Hawaiian-based Kona and Chicago-based Goose Island beers.

In case you’ve never tried any of their brews, these people KNOW how to make beer. At the 2008 North American Beer Awards, they took home 3 gold medals.

I recommend you buy shares of Craft Brewer’s Alliance, Inc. (HOOK:NASDAQ) at or under $4.75. I expect this stock price to go up by 20% by the end of the year.

On August 19 at 11:30am EST, the company will host a conference call to review results from Q2. You can get additional information from their website, www.craftbrewers.com.

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