Opinions
Jamie Horvat
Molson Coors Canada (B)
TPX.B-T
DON'T BUY
Sep 06, 2011
Brewers are faced with a lot of headwinds. Trading at 11-12 times earnings, which may be a reasonable price but doesn't see a lot of growth. Brewers grow at 2%, maybe 3% of GDP and are faced with the aging demographic population, which drinks less beer.
$41.950
Stock price when the opinion was issued
breweries
beverages
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COMMENT
This is a staple business and one that is pretty good through a lot of different economic environments. The yield is not that attractive. He usually likes to see yields in the 3%-5% range. This is off about 40% since the middle of last year, and he wonders why. When a stock this big gets hit that hard, and has a good of the business behind it, it is probably a reason to take a look at it and he is going to do some homework on it. Dividend yield of almost 2%.
breweries
beverages