redhook.gif

www.redhook.com

Yesterday Redhook announced it was absorbing Oregon-based Widmer Brothers, the company that makes that hefeweizen that got you into beer in college.

Then today

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Redhook Chugs Widmer

redhook.gif

www.redhook.com

Yesterday Redhook announced it was absorbing Oregon-based Widmer Brothers, the company that makes that hefeweizen that got you into beer in college.

Then today Redhook announced a net loss of $80,044 in the first nine months of 2007 compared with more than $522,000 in net profits for the same time period last year. They attribute it in part to seasonal slow down as well as dramatic expansion of the business, including the installation of four new 400 barrel fermenters at the cost of $1.3 million.

Wall Street liked the merger and accepted the expansion, so a little net loss didn't prevent Redhook stock from rising more than 4 percent this afternoon to $6.35 a share.

 
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