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October 7, 2008

Is this true?

crushed beer canMidnight Sun Sheriff Carla forwarded me the following statement:

If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left. With Enron, you would have had $16.50 left of the original $1,000. With WorldCom, you would have had less than $5 left. But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for an aluminum recycling REFUND, you would have $214 cash.

Based on the above, the best current investment advice is to drink heavily and recycle. It's called the 401-Keg Plan. A recent study found the average American walks about 900 miles a year. Another study found Americans drink, on the average, 22 gallons of alcohol a year. That means, on average, Americans get about 41 miles to the gallon.

This sounds too good to be true. But if it is true, I'm sending a memo to Midnight Sun's senior account executive. This could be a huge new revenue stream!

(Sun archive photo) 


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Posted by Sam Sessa at 7:30 AM | | Comments (5)
Categories: Bars & Clubs, Random stuff
        

Comments

Way ahead of you, Sam.

you would have to live in a state where they do this right? There was a whole Seinfeld episode based on this, but they couldn't work out volume vs. gas price.

Besides, at least in Michigan, I believe beer is priced to accommodate the refund. It's more like a deposit than free money.

Now let's push this big ball of oil out the window.

Depends on the price of your beer too, expensive imports don't go as far. Or come in cans! :)

Is this true? Maybe in 2003 (all companies named were delisted then, with the exception of DAL reissued after settling bankruptcy). While the hypothetical investments make for a fun comparison, a more prudent investment in beer would have been to purchase $1000 of BUD a year ago. It would be worth over $1250 now.

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About Erik Maza
Erik Maza is a features reporter at the Baltimore Sun. He writes for several sections of the Sun paper and contributes weekly columns on music and nightlife. He also writes and edits the Midnight Sun blog. He often covers entertainment, business, and the business of entertainment. Occasionally, he writes about Four Loko, The Block, the liquor board, and those who practice "simulated sex with a potted palm tree." Before The Sun, he was a reporter at the Miami New Times. He's also written for Miami magazine, the Orlando Sentinel, the Sarasota Herald Tribune and the Gainesville Sun. Got tips? Gripes? Pitches? He's reachable at erik.maza@baltsun.com. Click here to keep up with the dumb music he's listening to.

Midnight Sun covers Baltimore music, live entertainment, and nightlife news. On the blog, you'll find, among other things, concert announcements, breaking news, bars closings and openings, up-to-date coverage of crime in nightlife, new music, round-the-clock coverage of Virgin Mobile FreeFest, handy guides on bars staying open past 2 a.m. on New Year's Eve and those that carry Natty Boh on draft. Recurring features include seven-day nightlife guides, Concert News, guest reviews of bars and concerts, Wednesday Corkboard, and photo galleries, as well as reader-submitted photos. Thanks for reading.
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