Ballast Point Files Paperwork for IPO

I love Ballast Point beer.

Wait a minute, they are incorporating and gonna be a publicly traded company beholden to stockholders?

I hate Ballast Point beer.

 

Impressive for potential investors, hard to grasp for the average Joe Beer Drinker. I get growth, that is impressive. But do double your net income (not gross profit) on the same (similar) volume to me means they are overcharging OR there are some wacky circumstances that we don't know about to cause the spike in income. Either way, it appears that they are charging more for their beer then they have to. I don't know the beer industry margins, but 17% net on revenue is a lot to me.

My opinion......and I love their beer.

 

If people enjoy Sculpin then who cares if it is rated correctly, overrated, rated too high, rated too low?

Not everyone has to like every beer, and not everyone has to care whether a beer matches other people's perceived thoughts on it.

 

I hope they build an east coast facility. It would allow for lower costs in production and distribution and, hopefully, retail prices. About 5 miles from me sounds about right...

 

Could be charging more in 2015 or it could be having paid off debts from a round of expansion in 2014 and before.

 

Rolling in the dough and still charging $14.99/sixer. C'mon, BP. Lower those prices.

 

I fail to see how. The founders will remain in control of BP. Also for the record its not like they do a whole lot of innovation to begin with. Although I do love V@S.

 

The beer is good, but the price is out of line with competition.

 

I realize that an IPO and a Buyout are not necessarily related, or a coin-flip option. In financial terms, it's just nice to see a story of a reputable brewery assessing an IPO, rather than all of the takeover talk we've been seeing lately.

Cheers!

 

I just want Ballast Point in Kentucky. Sculpin on draft is delicious and pairs well with nachos. I enjoy nachos.

 

I really love Sculpin. 15 bucks is a little high for a six pack, so oftentimes I pass and buy another IPA. But I've been burned before with 10 dollar bombers and average or mediocre beer. With Sculpin that has never happened. So every once in a while, I crave it and dish out the money, because I think it is a great IPA with unique hop flavours (even if now a little old schoolish).

Also, when I see it on draft, it tends not to be much pricier than other options, and is always a good occasion for me to pull the trigger.

 

I like commodore as an everyday stout sold in 6 packs. However, it's only $8.99 a sixer here. At $15.99 I wouldn't buy it. Seems like the retailer has marked up the price significantly.

 

I used have issues with BP pricing, until I figured out that A) I like a lot of their stuff that much more than the competition and B) how on Earth can I bemoan $15 six-packs if I'm willing to buy pretty much any bomber ever? 24oz of Victory at Sea (2 bottles worth) for basically $5? Throw that in a bomber and release it from a tiny local brewery, and we're all singing the praises of "affordable, locally-made beer!"

But I digress. Interested to see how this all works out for BP. As long as the beer stays good, I don't really care. I think they'll be an interesting case to watch, not only because of the IPO, but also because of their willingness to be one of the first big craft brands to venture into other products (distilling, canned cocktails, cocktail mixes, etc.)

Also, I'd kill for some crispy duck nachos from the new brewery right about now, along with a glass of Ginger Big Eye.

 

$52 cases of VAS are just fine by me.......Even keel and Calico are good too but at $40 I pause but still buy them a few times a year......

I would be in for 100 shares depending on the price and if voting rights are there. Boston beer has not voting rights. Need to look at all the financials first but this could be a good investment looking quickly at some numbers posted here......do your own homework......

Enjoy

 

Ah okay! Apologies for missing the point. I agree, I think an IPO bodes well for an established brewery like Sculpin, especially at the share allocations and voting rights someone else pulled from the SEC filing.

That said, I believe a surge in IPOs (not what you're implying but let's take it to an extreme cause why not?) could very well burst the "bubble" everyone seems so intent on talking about. I think there are certainly breweries that are sustainable in an open-market, but those without very well-thought out growth plans and an actual possibility of return would sink pretty quick. And if there is no trade volume, about a million more intense financial issues could occur.

Anyway! Thanks for clarifying your point and giving me something else to ramble about.

 

This. Put a fancy label on it, wax dip it, put it into distribution once a year, and folks would pay $30 for it.

 

So... It's ok for other breweries breweries, like Sixpoint (Resin), to sell 4pks of mediocre ipa's for $10 ($2.50/can), but the breaking point is $16 for a 6pk ($2.67/bottle)? I don't really see how this pricing is any different from the majority of 4pk IPAs you see on the shelf across the country. If you think their product is mediocre, that's one thing, but the pricing is actually very competitive with others.

 

I have seemed to notice their prices going down for sculpin... grapefruit sculpin on the other hand is still 15.99 a sixer. Target, of all places, is/was selling sculpin for 8.99 a 6 pack. Maybe them going public will increase production and possibly decrease the cost for consumers. I am happy for them and if they keep making beers like even keel and gf sculpin I will keep drinking their beer!

 

You live in CA. Guy you responded to lives in NY(according to what his information says). Beer doesn't travel cross country for free.

 

Going public often leads to declines in quality, consumer satisfaction, and tends to exchange long-term planning and vision for short-term profitability. This is obviously not true in every single case, but it's common enough.