00:00 Bank of America boosted its rating for Bud to buy from neutral and assigning a price objective of $68.
00:10 Oh, and saying here that it's approaching a margins inflection point.
00:15 Hmm, not interesting.
00:18 Contrary.
00:19 It's not even about the woke stuff, which obviously, you know, they made a mistake and we watched sales fall off a cliff.
00:25 It's more just that margins are probably going to be getting squeezed here too on these types of companies.
00:30 I mean, consumer staple, Bud is basically a consumer staple.
00:33 We have seen what has happened to consumer staples.
00:36 This stock really hasn't sold out that much, considering if you took the woke stuff out of there, the stock would probably be up at all-time highs.
00:43 So, I mean, I just think Bank of America is wrong here and I wouldn't be buying Bud.
00:48 It wouldn't be at all-time highs, Dennis.
00:51 You don't think they knocked $10 off the price for the woke stuff?
00:55 Well, that's not all-time. You said all-time highs.
00:58 Oh, sorry. I'm looking at the last four years. I didn't go back far enough.
01:02 Yeah, okay. No, that's fine.
01:03 The last three years. So, I'm looking even the 2023 highs of $65. So, just looking at that.
01:08 $65, $66.
01:09 That sell-off from May, from the $66 to the $56 was all the woke stuff.
01:16 100%. Because we saw the sales fall off the cliffs, but Weiser just doesn't go down like that out of the blue.
01:22 I mean, that was all the woke stuff.
01:24 But now you're in this consolidation and you broke down and then you balanced up a little bit.
01:28 Now you're getting a shot back because of the rating here.
01:31 I think it's more of a selling opportunity than a buying opportunity.
01:34 You got gaps to fill here.
01:37 Pretty just like spotty trading here at the $55, $68 level.
01:42 What I would like to do is, there's a little bit of confluence there.
01:46 You had a high at $56, $78.
01:48 Oh, that's another buck. No, $55, $78. Right where it's trading.
01:52 That's your four-day high.
01:54 After that, it opens up, really opens up in the $56 handle.
01:58 But first things first, $2. That probably is more than its average trading range.
02:03 So, you're really going to need someone really convinced off this Bank of America to continue this rally in budget.
02:10 If you were a bottom fisher the last two days, lean on a double bottom.
02:15 This is a nice little scalp, a nice little surprise.
02:18 We'll see if we can get to that $56 handle with a big bid and things could change a little bit.
02:26 I wonder if Bill Gates will buy some more of it.
02:28 Of course, he's the recent investor that went big.
02:31 He bought $95 million of it and that was on Wednesday, September 6th.
02:36 We'll see what happens if he comes in for more.
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