BUD Ending Bearish Trend?
Who They Are
BUD is a large alcohol manufacturer and distributor. Their beer catalog alone offers about 500 brands.
Are They Making Money
Possibly the most important question to ask of a company that has been in a bearish trend for ~5 years is if they are making money. In the last 3 years, they have continued to make money but suffered a severe decline in Operating Income and Net Income in 2020. Though coming into 2021, they have started to see a rebound in sales and profit.
Technical
In Sep 2016, BUD began a decline that ended in March 2020. BUD hit a low lower than when they started trading in 2009. Since then, BUD has been in an uptrend. The uptrend was recently broken in July. It appears to have found support and is returning to the uptrend as of mid-Aug.
BUD is a large alcohol manufacturer and distributor. Their beer catalog alone offers about 500 brands.
Are They Making Money
Possibly the most important question to ask of a company that has been in a bearish trend for ~5 years is if they are making money. In the last 3 years, they have continued to make money but suffered a severe decline in Operating Income and Net Income in 2020. Though coming into 2021, they have started to see a rebound in sales and profit.
Technical
In Sep 2016, BUD began a decline that ended in March 2020. BUD hit a low lower than when they started trading in 2009. Since then, BUD has been in an uptrend. The uptrend was recently broken in July. It appears to have found support and is returning to the uptrend as of mid-Aug.
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