July 2, 2008
Alcoholic Drink Stocks: On the Rocks? (BusinessWeek Online via Yahoo! News)
Like most consumer-discretionary products, sales of wine and spirits have been hurt by spiking fuel prices, rising unemployment, and pervasive worries about the U.S. economy. But alcoholic beverages, like cigarettes and other tobacco products, appear to be less discretionary than most nonessential items due to the lifestyle choices that drive demand for them.
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