Another note — when the stock was down around 44-45 bucks last October, no one predicted their demise. Again, Wednesday’s close was around 66 dollars. Since the boycott, it hasn’t drifted below 60 dollars and has continued to ride a wave that started before the boycott.
For those that don’t follow the Stock Market, it is important to note that the market is speculative, it reacts when news like a “boycott” hits — Not weeks or months, or even days later. Stock traders move their money fast and base it on the future, not the past. So, if investors thought the company was in trouble from this so-called “boycott” that money would have already moved.
It is now safe to assume that no one at Anheuser Busch, Wall Street or anywhere where money is made through the market took Kid Rock’s stunt seriously. It might be a good bet that he never took it seriously as far as impacting their sales in any significant way.
But ya know who’s sales were tanking? Kid Rock’s summer tour was tanking. He had to do something to sell some tickets to, as Fox News calls them, the “dumb cousin f*cker” crowd (what they actually called their viewers in court documents from the Dominion suit they just lost because they were lying to their viewers).