quote:
Originally posted by wine+art:
quote:
Originally posted by max:

St. Bernardus 12; easily the best of the 3. Great beer!


Yum!


Agreed! Had this from a 1500ml bottle recently. Outstanding stuff.

Tonight:
New Glarus Stone Soup - Excellent
Big Sky Brewing Brush Tail Saison - meh
quote:
Originally posted by snipes:
quote:
Originally posted by Bigfoot003:
Hinterland Saison


Sounds very northern.


Indeed - WI-based. Tonight, stepped it up:

Saison Dupont. One of my favorites and needed after a comedy of errors in the moving process...

Edit: 1 wasn't enough. #2 - Epic Brewing Brainless Belgian-style Golden Ale. Very solid Belgium from ??? Salt Lake City??? Confused
At a bar before/after MSU hoops game:
Half Acre Double Daisy Cutter
Pipeworks Lizard King
Dark Horse Tres Blueberry Stout

At the MSU game at United Center:
Bud Light
Goose Island Sofie
Goose Island Matilda
Goose Island IPA

I was amazed at how bad I thought the GI IPA was. I will not be trying that one again.
quote:
Originally posted by vinole:
Ballast Point is being bought by Constellation Brands (owns Corona and Modelo) for $1B. BP filed to begin an IPO a month ago, but Constellation came in and made the purchase.


Thats a staggering number. Are they pumping out that much beer or is Constellation paying a huge premium to try and keep up with Inbev?
quote:
Originally posted by jburman82:
quote:
Originally posted by vinole:
Ballast Point is being bought by Constellation Brands (owns Corona and Modelo) for $1B. BP filed to begin an IPO a month ago, but Constellation came in and made the purchase.


Thats a staggering number. Are they pumping out that much beer or is Constellation paying a huge premium to try and keep up with Inbev?


Yes, it is more than 8x current annual revenue of 115 million. You have to have fast growth and big margins for it to make any sense. Constellation is also in the wine and spirits space as they own Mondavi and Svedka.
Last night: Bells Best Brown Ale - very nice.

Last Friday at a beer dinner at the club:
Allagash White - always a favorite. Paired with Pork Belly with corn custard;

Pipeworks Lizard King - pretty nice as far as hoppy beers go. Paired with Chicken and White Bean Soup;

Great Lakes Eliot Ness - another perennial favorite. Paired with Onion, Beer and Goat Cheese Tart Salad;

Murphy's Irish Stout - actually preferred this to the Guiness. Paired with Lamb Shanks in Guiness, Buttered Green Beans and Beer Glazed Sweet Potatoes;

Ballast Point Victory at Sea Coffee Vanilla Imperial Porter - excellent. Paired with Beerimisu.
Regarding the Constellation purchase of Ballast Point Brewery for $1 billion, yes starts with a b, everyone in the beer business is wondering when it will end. Laginitas just entered a 50% JV with Heineken for $400 million, mainly in order to gain access to markets in Mexico and Europe. Many of the founders of craft breweries are selling out. The valuations are indeed betting on the come with aggressive earnings projections.

The problem is that the established craft brands, ones like Sam Adams and New Belgium, are starting to experience declines in same market sales. For the first time in recent memory, craft sales declined as a part of market share. Sales and profit projections are unrealistic. We may be in a bubble for small brewery valuations.
quote:
Originally posted by scbeerman:
Regarding the Constellation purchase of Ballast Point Brewery for $1 billion, yes starts with a b, everyone in the beer business is wondering when it will end. Laginitas just entered a 50% JV with Heineken for $400 million, mainly in order to gain access to markets in Mexico and Europe. Many of the founders of craft breweries are selling out. The valuations are indeed betting on the come with aggressive earnings projections.

The problem is that the established craft brands, ones like Sam Adams and New Belgium, are starting to experience declines in same market sales. For the first time in recent memory, craft sales declined as a part of market share. Sales and profit projections are unrealistic. We may be in a bubble for small brewery valuations.
scbeerman, I maybe heading over to S.C. and N.C. sometime in the next few weeks. Would you care to contact me at wincelbeggsatnetscape.net? You maybe able to help direct me to some nice breweries that I'm unaware of.

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