Monster Beverage (MNST -4.7%) slips lower on persisting concerns over the impact of energy drinks. Three members of Congress have sent letters to companies in the industry requesting more information on their products and advertising claims, according to the WSJ. A rumor is also circulating around that the company could be Einhorned. [View news story]
I bought at $41. Trimmed half the position at $52 3 months later. See where it goes from here. I think up. Concerns are overblown.
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Couldn't agree more. nice article. I bought @$41 hours before Sacks' letter. Next day the stock jumped 15%. Thought about selling then figured I would go along for the long ride.
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Monster Beverage (MNST -4.7%) slips lower on persisting concerns over the impact of energy drinks. Three members of Congress have sent letters to companies in the industry requesting more information on their products and advertising claims, according to the WSJ. A rumor is also circulating around that the company could be Einhorned. [View news story]
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Monster Beverage Fails To Beat Estimates, But Recovers From A Sharp Drop [View article]
Long MNST.