The Investment Reporter, in its March 27, 2015, issue, says hold Big Rock Brewery Inc., recently $12.75. The Reporter previously said buy only once -- on May 27, 2011, at $15.73. Assuming an investment of $1,000 for the single buy, the $1,000 position would now be worth $803. With revenues declining by 11.6 per cent and costs decreasing by 6.1 per cent, Big Rock's earnings fell to $624,000 in 2014, down sharply from earnings of $2.55-million the year before. The company finds Alberta's beer market too competitive, so it is looking to expand into British Columbia and Ontario. It hopes to open a brewery, restaurant, lounge and store in downtown Vancouver in April. It plans to set up a brew pub in downtown Toronto and open a commercial brewery in Toronto early next year. Big Rock expects to spend $6-million to $8-million in its diversification efforts, but its cash flow falls short of its needs. The company will have to borrow money to finance its expansion; this adds risk. Even worse, it has suspended its dividend. The stock remains a hold, but only if you need no dividends and can accept a "speculative" stock.