Stockchase Opinions

Ross Healy Sleeman ALE-T BUY Sep 17, 2004

Fair Market Value is $24. Still offers decent potential. Running into technical resistance at about $15 which may retard the progress.
$14.950

Stock price when the opinion was issued

breweries beverages
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DON'T BUY
Have been showing much better growth than any other major breweries. Pretty fully priced. Would prefer Molson's.
BUY
Have done quite a good job on expanding their share of the Canadian market. Good product name.
BUY
Good company. Likes what they've done in Québec. Have a very strong brand.
BUY
Excellent long term earnings growth record.
BUY
A very well positioned brewery. Consistantly grow their earnings. A little over 2 X book.
WEAK BUY
Had a great up move and came back for a little correction. The 200 day moving average intersects right where the stock has pulled back to. Stock can go a little bit higher.
BUY ON WEAKNESS
Fully priced in the short term. Doesn't like the beer business in general as it is a market share business. If you BUY, do so at 10/15% below current price. If you own, HOLD.
DON'T BUY
The problem is that they are no longer a little niche player. In order to grow sales, they have to take market share from Molson (TAP.LV.A-T) and Labatts. They are up against huge multi-national well funded organizations.
DON'T BUY
Had some problems a few years ago but has been doing better recently. Not a stock he would be interested in.