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How Uncle Nearest’s finance debacle is becoming a lesson in controls
Yahoo Finance· 2026-01-07 10:00
That lawsuit led the court to appoint a receiver in August, transferring day-to-day operational control of Uncle Nearest to an independent third party. The receiver was tasked with stabilizing the business, protecting creditor interests and avoiding a bankruptcy filing.The CFO lawsuit followed a separate legal action filed earlier in 2025 by Farm Credit Mid-America, Uncle Nearest’s primary lender, which sued the company in July seeking repayment of more than $100 million. The lender alleged loan defaults an ...
Cramer's Stop Trading: Molson Coors
Youtube· 2025-12-22 15:15
Core Viewpoint - The alcohol industry, particularly beer and spirits, is experiencing significant declines in sales, with a notable shift in consumer behavior towards lower consumption among younger demographics [1][2][3]. Industry Performance - Molson Coors has seen a decline of 2.76% in stock performance, indicating broader struggles within the alcohol sector [1]. - Year-to-date performance for major restaurant chains shows significant declines: Shack down 34%, Chipotle down 38%, and Cava down 50%, suggesting that rising costs are impacting margins and consumer spending [2]. Consumer Behavior - Younger consumers are shifting away from traditional alcohol consumption patterns, preferring mocktails and limiting their intake to one drink, contrasting with older generations who consumed more [2][3]. - The perception of alcohol consumption has changed, with younger individuals feeling less inclined to order multiple drinks in social settings [3].
37-year-old liquor and beer brand files Chapter 7 bankruptcy, liquidating
Yahoo Finance· 2025-11-26 18:33
When a company files Chapter 7 bankruptcy, it means the brand will be liquidated. That could result in a new beginning, if a new business or operator buys the brand and revives it. In theory, that can happen, but in many cases, the company's assets will be auctioned off. One business might buy its equipment, while another may purchase its brand name. Its intellectual property may even be split up between multiple buyers. A Chapter 7 bankruptcy is definitive, and it's usually a quick process. "Unlike Ch ...