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Stockchase Opinions

Michael SmedleyMolson Coors Canada Inc.TPX.A.TOTOP PICKMar 09, 2005

Has recentlly attended a presentation he was impressed with.
$89.24

Stock price when the opinion was issued

$68.67

As of Jun 10, 2026. Market Open.

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DON'T BUY
It's been beaten up badly. He sold it earlier this year. The debt is way too high. Beer is in structural decline because more people are drinking wine, scotch and now consuming cannabis. Molson made a big purchase--and debt. They need growth by looking at cannabis and spirits. A catalyst would be merging with Heineken, but not until MC lowers this debt.
BUY
Bonds: Business is almost recession proof.
PAST TOP PICK
9/22/15 Bond (Top Pick Oct 20/09, Up 8% including yield) Hardly any debt and good balance sheet. Non-cyclical business.
DON'T BUY
Not a lot of growth. Very competitive in the US.
DON'T BUY
Not going to be a high growth area. Struggling with their acquisitions.
PAST TOP PICK
(A Top Pick Mar 9/05. Up 6%.) Still a believer.
DON'T BUY
Had a spike in the price today and not sure of the reason why. Everything depends on how they deal with the Coors acqisition and how it's going to take place. You'll have to see them come through on a lot of the things they talked about when they originally did the deal, which was bring down their cost structure and grow their franchises.