Investors Think Monster Beverage Still Needs an Energy Boost
Energy drink giant Monster Beverage (NASDAQ: MNST) has been one of the most successful stocks of all time. Yet as any experienced investor knows, strong past performance is no guarantee that a company will continue to produce amazing returns, and often, new challenges hold back growing companies even after they've already enjoyed dramatic success.
Coming into Wednesday's third-quarter financial report, Monster Beverage investors were looking for double-digit percentage gains in sales and earnings. Monster delivered on both fronts, but some of those following the stock were nevertheless disappointed with what the company said. Let's look more closely at Monster Beverage and what its latest report says about its prospects.
Image source: Monster Beverage.
Source: Fool.com