bbdott,

Stop in at your local public library and read the October 30, 2009, Value Line report for SAM, it's on page 1958.

What would you pay today for a stock that you thought might be worth $41 (12 x $3.45) by 2013?

$37? No way, that's an annualized return of less than 3%.

Copy & paste into Excel:

=RATE(4,0,-36.96,12*3.45,0,0)

$28? Works for me!

Copy & paste into Excel:

=PV(10%,4,0,12*3.45,0)

By the way, as much as I would like to have some "Old Fezziwig" for the holidays, I won't be buying the Holiday Pack again this year. Two bottles of Cranberry Lambic and two bottles of Coastal Wheat (lemon flavored wheat) - Yeech! That puts the price per drinkable bottle too high for me. Jimbo, you really know how to kill a good thing.