Fourth-quarter profits came in lower than expected for Boston Beer (NYSE:SAM), and the company lowered guidance as well, but the market didn't react nearly as badly as it could have. In this video from Wednesday's Investor Beat, host Chris Hill and Motley Fool analyst Bill Barker look at the real story behind the earnings miss with Boston Beer. Bill points to one of the best problems a company can have -- more demand than it was able to easily meet. He discusses the company's strategy, whereby, instead of just leaving demand unmet, it spent a bit extra to meet demand, even if there were some inefficiencies along the way.
Looking for three stocks to buy and hold forever?
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love.
Bill Barker and Chris Hill have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Boston Beer. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.