1 Magnificent S&P 500 Dividend Stock Down 66% to Buy and Hold Forever

The alcohol industry is going through what might be its most challenging time in recent history.Shares of just about every notable alcohol stock are down, including Brown-Forman Corp. (NYSE: BF.B)(NYSE: BF.A). The company, most famous for its Jack Daniel's brand of American whiskey, has tumbled a whopping 66% from its high.Despite the stock's poor performance, Brown-Forman still shows significant promise moving forward. The company is facing numerous headwinds, but most will likely ease over time, allowing it to shine again as it has for generations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool