(MSN) Ever dreamed of owning a so-so beer company? Pabst is up for sale again. Just think of it, you could be swimming in a pool of Colt 45 while you try to drown the memory of why you bought the company in the first place
It's a great time to sell. They're making the transition to sales beyond the hipster community as their increasing sales growth shows. Once fratboys start buying it, PBR will immediately revert back to uncool status and sales will decline.
If I were sure I could trick hipsters into drinking this swill, a-la PBR, I'd get financing and buy it. But I'd bet there are some things even a hipster in search of the perfect irony won't do.
I've got Pabst Blue Ribbon on my mind, More and more lately I find, I've got a taste for livin' I'm drinkin' cold Blue Ribbon, I've got Pabst Blue Ribbon on my mind.
PBR has its rightful place in dive bars and is not bad at all, though it may lead to evil deeds. Long story, but it tastes fine out of a can and fills the "$2 mystery beer" role to a T.
Colt 45 is as good as any other malt liquor, which isn't to say that it's "good," but it does the trick that the consumer expects.
Old Mud, well it is Old Mud... perfectly designed as a companion for fishing on inland waterways. I don't know why but that's what it is for.
However, Schlitz, or more specifically Schlitz Ice is the unquestionably worst beer I've ever sipped. Not even as a college freshman dying for a buzz could I drink more than two pulls off that free can of beer. Plus, its name sounds terrible.
factoryconnection:PBR has its rightful place in dive bars and is not bad at all, though it may lead to evil deeds. Long story, but it tastes fine out of a can and fills the "$2 mystery beer" role to a T.
That and you gotta admit it does go well with cheap, spicy Asian food. I include Halal in that category, too. I wonder why they're having trouble unloading the enterprise?
Clarence Potter:I wonder why they're having trouble unloading the enterprise?
Essentially no hard assets. In-process inventory and receivables can be financed, but the next piece of bank financing likes to be secured by hard assets, not trademarks. And Pabst doesn't own any breweries, real estate, etc. The lack of (or increased expense of) that layer of financing means putting up additional equity, which in turn means lower returns.
Also, everyone secretly thinks the whole hipster thing is a fad and once those guys get a steady gig they'll switch to microbrews or wine or vodka out of a crystal skull bottle.
Rapmaster2000
2009-11-03 01:58:25 PM
H31N0US
2009-11-03 02:00:06 PM
admvernclark
2009-11-03 02:01:59 PM
Rapmaster2000
2009-11-03 02:03:15 PM
Yes. And I say this as an aging fratboy.
Modified Cornstarch
2009-11-03 02:07:08 PM
I bought the beer company so I could DISMANTLE IT!
stuhayes2010
2009-11-03 02:08:20 PM
The Angry Hand of God
2009-11-03 02:10:55 PM
NittLion78
2009-11-03 02:12:44 PM
Smeggy Smurf
2009-11-03 02:16:31 PM
Diasdiem
2009-11-03 02:17:54 PM
johnnyq
2009-11-03 02:19:45 PM
More and more lately I find,
I've got a taste for livin'
I'm drinkin' cold Blue Ribbon,
I've got Pabst Blue Ribbon on my mind.
AmazinTim
2009-11-03 02:20:13 PM
Would that make it your last beer for another few years then?
factoryconnection
2009-11-03 02:21:41 PM
Colt 45 is as good as any other malt liquor, which isn't to say that it's "good," but it does the trick that the consumer expects.
Old Mud, well it is Old Mud... perfectly designed as a companion for fishing on inland waterways. I don't know why but that's what it is for.
However, Schlitz, or more specifically Schlitz Ice is the unquestionably worst beer I've ever sipped. Not even as a college freshman dying for a buzz could I drink more than two pulls off that free can of beer. Plus, its name sounds terrible.
Clarence Potter
2009-11-03 02:26:13 PM
That and you gotta admit it does go well with cheap, spicy Asian food. I include Halal in that category, too. I wonder why they're having trouble unloading the enterprise?
mid6000tek
2009-11-03 02:26:16 PM
Not a lot of hipsters either they have moved to Stella.
chechcal
2009-11-03 02:27:42 PM
BlorfMaster
2009-11-03 02:29:51 PM
1) seltzer water
2) piss
The Loaf
2009-11-03 02:31:51 PM
I consider H1N1 a better/cheaper alternative to Bud.
The Crepes of Wrath
2009-11-03 02:34:39 PM
"Would you like some nice, cold water?"
"No, I was hoping for a Strohs."
/paraphrasing the old commercial
Manfred J. Hattan
2009-11-03 02:37:01 PM
Essentially no hard assets. In-process inventory and receivables can be financed, but the next piece of bank financing likes to be secured by hard assets, not trademarks. And Pabst doesn't own any breweries, real estate, etc. The lack of (or increased expense of) that layer of financing means putting up additional equity, which in turn means lower returns.
Also, everyone secretly thinks the whole hipster thing is a fad and once those guys get a steady gig they'll switch to microbrews or wine or vodka out of a crystal skull bottle.
Berz
2009-11-03 02:37:15 PM
Yes. And I say this as an aging fratboy.
As a slowly aging fratboy, I prefer Natty.
Antimatter
2009-11-03 02:37:45 PM
stuhayes2010
2009-11-03 02:37:46 PM
/surprised this hasn't turned into a beer snob thread.
AmazinTim
2009-11-03 02:41:19 PM
/surprised this hasn't turned into a beer snob thread.
Yet...
Smeggy Smurf
2009-11-03 02:43:07 PM
Would that make it your last beer for another few years then?
Not unless somebody keeps me well supplied with rum and scotch