>> budweiser, sam adams. >> why bud?at execution, best at cost management across any consumer group i've ever seen. m and a core competency and i think they'll be on the hunt soo. >>for what? >> south african breweries. this are pros and cons. there is also speculation they'd be interested in a soft drink company but i think a brewer would be foremost in their minds. they're not in ever africa so south african breweries comes up a lot. >> what about monster? you have a target price of $86. but isn't this a sector, the energy drink sector, that's kind of slowed down? >> it has slowed down. but it's still growing at a mid single digit rate in difficult times which is right now. i think that could reaction sell rate. within monster's current stock price we think there's $14 of value for the international business. $14 to $16, possibly as much as $20 of value on international. the rest of the business is trading not much higher than the multiple on coke which has no growth at all in the u.s. and swla lim somewhat limited out

biggest one is probably sam adam with 1% market share. the rest are all foreign owned because of our tax code. once the challenge is made on that, i'm happy to talk to them about it. i've sat down with some of the members of these companies, and i will tell you, we've got to deal with it. so it's going to exacerbate that problem and result until more investment overseas. instead, we should reform the entire code, and that means getting rid of a lot of these preferences. in other words, these very loopholes we're talking about. but in the context of overall reform where you get rid of preferences, and as a result you able to lower the rate and come up with a more competitive international system that's consistent with almost all of our trading partners. we, unfortunately, in the united states are sitting on the sidelines while other countries do this. we're the only country that has not reformed our tax code, and zero suffering the consequences. who's suffering the most? the workers in these companies. congressional budget office says blue

sam adams with a 1% market share i am happy to talk about it because i sat down and will tell you, we have got to deal with it. this notion that democrats have is going to exacerbate the problem and result in more jobs overseas and more investment overseas ifs. these very loopholes we are talking about, let's get rid of them, but in the context of overall reform you're able to lower the rate and come up with a more competitive international system consistent with our trading partners. we unfortunately are sitting on the sidelines while other countries do this. the only country that has not reform our tax code and are suffering the consequences. the budget office says 70 to 75 percent of the benefit of the reformed code goes to the blue-collar workers. we need to be careful as we talk about this loophole and that loophole. >> just allow me briefly to respond to that. if you look at the president's budget, most of the revenue is generated not by closing the business tax bracket. most of it is the reductions of higher-income individuals. right now if you are a millionaire, through every

sam adams with one percent market share is probably the biggest. the rest are foreign owned. numbersat down with the on these companies. we have to deal with it. have,tion that democrats let's make the tax code less competitive by taking away the preferences will exacerbate the problem and result in more jobs going overseas and more investments overseas because then we will reform the entire code. that means getting rid of these codes. in the context of overall reform where were you -- where you get rid of preferences and are able to lower the rate and come up with a more competitive international system that is competitive with the trading partners, we unfortunately are sitting on the sidelines while other countries do this. only country that has not reform the tax code, and we are suffering the consequences. who is suffering the most? the countries. -- the workers. get higherrs would pay and actually have a job. we need to be very purple as we talk about this loophole in that loophole. let's reform the code and help everyone, including american workers. >> if you look at th

the biggest one is probably sam adams was 1% market share, the rest are foreign owned because of our tax code. i am happy to talk to when the challenges me on that because i talked to these companies about their numbers and we got to deal with it. the notion democrats have, let's make the tax code less competitive by taking away the preferences is going to exacerbate that problem and result in more challenge going overseas and more investment overseas. we should reform the entire code and that means getting rid of a lot of these preferences. these very loopholes we are talking about let's get rid of them but in the context of overall reform where you get rid of preferences as a result you are able to lower the rate and come of with more competitive international system consistent with almost all of our trading partners we unfortunately in the united states icing on the sidelines while other countries do this. the only country that has not reform our tax code and we are suffering the consequences. who is suffering the most? the workers in these companies which the congressional budget

but do you i'm not going after nevada or sam adams. how do you think of that?ink from the beginning of the craft beer revolution it's been a battle against the big guys. you know, that's been -- >> so not infighting among this group? >> not really. when i started in business in '88, imports were 3% of the u.s. market. and i told people we're going of that 3%. well, today imports are 13%. craft beers are about 10%. and we have really pushed the big guys back to 74%. >> why do you think that is? >> you know, it's happening in a lot of food categories, isn't it? it's happening in chocolate. it's happening in coffee. it's happening in ice cream, in cheese. it's part of that. people are drinking less but they are drinking better. they are going for flavor in all kinds of food products. >> have any craft guys sold out to the big guys? >> yes. goose island in chicago, started 1988, the same year we started in brooklyn. three years ago they sold to anheuser-busch. the founder, john hall, 70 years old. his son wasn't interested in the company. what are you going to do?

george washington, john adam, himmel on the franklin, hancock, both adams, john and sam, daniel morgan. i'm sorry? robert morris. nathaniel green, right, patrick henry. we can go on and on. how many women can you name who were important? one, two, wait wait. abigail adam, martha washington are margaret corbin, betsy ross that is six, we're not going to get up to 10, are we? [inaudible] [laughter] >> that is another issue. she would not have an interesting memoir if we could get it. there were million women at least who were witnesses or involved in the revolution but we don't know that much about them. the accounts that we have from those who are left, from those we know they are very few. we know women -- when the british was marching up we know women threw hot oil on them. we only have scraps. aside from the women you mentioned, this was a real frustration to me. i was curious. i said there has to be more account and there has to be correspondence. that is how i began writing the book. coincidence and coincidencal in my research, there was two women five years apart, if not tory cent

adam may has been following the story. he spoke to one player who could finally be cashing in. >> sam keller is now the offensive coordinatort suaru high school. a long way from his former position as college quarterback. >> you're a student first then you're aan athlete. school, practice, weights that are scheduled for you. it almost feels like you're a robot and they just hammer it into you. you become like a soldier. you eat sleep and breathe football and your team meetings, especially for a quarterback. >> keller says it wasn't until his playing days were over that he found what he calls the money making machine all around him. >> it's much driven on money. as a college football player, you're not seeing that, you're what drives the money but your join is not obuy into all that. your job is your teammates and your school, your institution. >> sam keller now works at a restaurant and bar in scottsdale, arizona. he now thinks that college athletes should be able to capitalize if they can on their celebrity. >> the flip side of that argument, look, he is a college athlete, they are getting room and board, that's enough. >>