An interesting tidbit out of St. Louis tickled my tongue the other day. It was a dispatch from the Post-Dispatch noting that Anheuser-Busch was rolling toward its 16th straight quarter of earnings-per-share growth. Sixteen in a row? The Cardinals would love that.

Obviously, the beer drinkers of the world don't pay much attention to what Wall Street does. That's well and good for "The King of Beers," but I want to know why they are so successful. A portfolio manager in St. Louis points to the company being "unbelievably focused," so much that its stock increased by seven percent last year while the Dow was dropping like a stone to the tune of 17 percent with its worst yearly decline in 25 years.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access