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Tuesday, Oct 23
2012, 3:17 PM
Monster Beverage (MNST -10.5%) looks enticing to opportunistic traders after shares fall off...
Monster Beverage (MNST -10.5%) looks enticing to opportunistic traders after shares fall off with the company targeted by a lawsuit and FDA investigation over deaths linked to consumption of its energy drink. The rationale is that lopping off over a billion dollars worth of the company's market cap could be a harsh reaction to what even the FDA considers unconfirmed allegations. As for tighter regulation of energy drinks, bulls note with Coca-Cola and PepsiCo lurking in the space, the issue could stay stuck in neutral.