Goddamn this aint good news if you own stock in the Monster Beverage Corp.
(MNST)’s energy drinks have been cited in the deaths of five people in the past year, according to incident reports that doctors and companies submit to the U.S. Food and Drug Administration.
The reports said the victims consumed Monster drinks prior to their deaths, ShellyBurgess, an FDA spokeswoman, said today in a phone interview. The FDA said the incidents, which are voluntarily reported, are considered to be allegations, and no conclusion is drawn until an investigation is completed. Shares of Corona, California-based Monster fell the most since 2008.
The FDA reports are being used by parents in Maryland who sued Monster last week, claiming the drinks led to caffeine toxicity that killed their 14-year-old daughter. Senator Dick Durbin, an Illinois Democrat, is asking the FDA to consider caffeine limits on energy drinks after emergency room visits involving such products jumped 10-fold from 2005 through 2009.
“FDA continues to evaluate the emerging science on a variety of ingredients, including caffeine,” Burgess said in an earlier e-mail.
The five death reports, and a sixth in 2009, were among 37 adverse reaction reports since 2004 that mentioned Monster drinks, according to a log of incidents that health professionals, companies and the public voluntarily recorded with the FDA. The agency has said it’s working on draft guidelines that would ensure energy drinks are safe.
Monster fell 14 percent to $45.73 at the close of New York trading, erasing all the gains the stock had made this year.
The best way to get your company shut the fuck down? Kill some white kids by mistake. Granted the FDA hasn’t been able to really link these kid’s deaths directly to Monster but shit it’s not something you wanna deal with as a company. Monster responded with this statement:
“Over the past 16 years Monster has sold more than 8 billion energy drinks, which have been safely consumed worldwide,” the company said in an e-mailed statement sent through an outside spokesman, Evan Pondel. “Monster does not believe that its beverages are in any way responsible for the death of Ms. Fournier. Monster is unaware of any fatality anywhere that has been caused by its drinks.”
He said, she said… I CAN’T BELIEVE MONSTER HAS BEEN AROUND FOR 16 YEARS! That’s crazy as fuck. Aight well be careful crushing Monsters and don’t buy their stock (unless it dips crazy low and you think their might be some sort of resurgence). Back to work.
PS. Weed aint kill nobody last week and is still illegal. Yea, that makes sense.