Molson Coors Brewing Company (TAP-N) Stock Predictions - Stockchase
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Molson Coors Brewing Company (TAP-N)

ON STOCKCHASE SINCE May 2006

breweries/beverages

Molson Coors Brewing Comp...

TAP-N

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Molson Coors Brewing Company (TAP-N) SAVE Apr, 24, 2019, 3:37 pm

62.44 1.16 (1.89%)

About Molson Coors Brewing Company (TAP-N)

The Molson Coors Brewing Company is a multinational brewing company, formed in 2005 by the merger of Molson of Canada, and Coors of the United States. It is the world's seventh largest brewer by volume. More at Wikipedia

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COMMENT
He hasn't looked at this in a long time and finds it hard to believe where it sits today. It doesn't look good, but the chart has held at these levels before: massive head and shoulders and at the bottom of it now. Very news-driven. At these levels, the risk is to the upside.
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He hasn't looked at this in a long time and finds it hard to believe where it sits today. It doesn't look good, but the chart has held at these levels before: massive head and shoulders and at the bottom of it now. Very news-driven. At these levels, the risk is to the upside.
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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$63.975
Owned Owned
Unknown

BUY
Anticipating them moving into the premium drink space. They're trying to, and are dipping into craft beers like Blue Moon beer. A defensive name that's gone up 12% in the past month. He hasn't owned it in a while, because it's been in a down trend, but it looks interesting now.
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Anticipating them moving into the premium drink space. They're trying to, and are dipping into craft beers like Blue Moon beer. A defensive name that's gone up 12% in the past month. He hasn't owned it in a while, because it's been in a down trend, but it looks interesting now.
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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$64.880
Owned Owned
Unknown

COMMENT

This is one of the top brewers, but like all the others in the beer industry, Molson Coors is struggling. Their market is extremely mature, with declining consumption. Molson has bought some craft brewers but those companies are getting expensive. Very low multiple and generates good cash flow. They are using free cash to pay down debt. But it's difficulty to find new ways to grow. It's a tough call to say to buy because the company looks relatively cheap, well-managed but maybe not likely to grow much. They're entering into joint ventures with cannabis companies, experimenting with infused beverages. He is not sure how big the market will be for these products. It might get very crowded very quickly. For the next few years, for Molson Coors, these are small projects--tiny in the grand scheme of things.

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This is one of the top brewers, but like all the others in the beer industry, Molson Coors is struggling. Their market is extremely mature, with declining consumption. Molson has bought some craft brewers but those companies are getting expensive. Very low multiple and generates good cash flow. They are using free cash to pay down debt. But it's difficulty to find new ways to grow. It's a tough call to say to buy because the company looks relatively cheap, well-managed but maybe not likely to grow much. They're entering into joint ventures with cannabis companies, experimenting with infused beverages. He is not sure how big the market will be for these products. It might get very crowded very quickly. For the next few years, for Molson Coors, these are small projects--tiny in the grand scheme of things.

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$62.060
Owned Owned
No

DON'T BUY

Brewers are struggling with declining sales. Valuation is still on the rich side, mainly because of declining margins. Doesn’t have EM exposure that you’d like to see. Be cautious. Compares poorly to its peers. (Analysts’ price target is $77.43.)

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Brewers are struggling with declining sales. Valuation is still on the rich side, mainly because of declining margins. Doesn’t have EM exposure that you’d like to see. Be cautious. Compares poorly to its peers. (Analysts’ price target is $77.43.)

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Prakash Harihar

Portfolio , Analytixinsight Inc....

Price Price
$68.030
Owned Owned
Unknown

BUY

Weaker volume sales in US. Core business is US and Canada. Free cash flow is about 10% free cash flow yield. Concern that beer growth is slowing. They’ve been smart and done a joint venture with a marijuana company. This is a good level to buy.

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Weaker volume sales in US. Core business is US and Canada. Free cash flow is about 10% free cash flow yield. Concern that beer growth is slowing. They’ve been smart and done a joint venture with a marijuana company. This is a good level to buy.

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$68.560
Owned Owned
No

BUY

A defensive name. A company that looks to be acquired. The stock looks goods now on the pullback. Steady dividend and good yield. Maybe the fact that marihuana is being legalized affected the price of the stock and its multiples. A boring traditional business as it is 

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A defensive name. A company that looks to be acquired. The stock looks goods now on the pullback. Steady dividend and good yield. Maybe the fact that marihuana is being legalized affected the price of the stock and its multiples. A boring traditional business as it is 

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Prakash Harihar

Portfolio , Analytixinsight Inc....

Price Price
$60.260
Owned Owned
No

COMMENT

Had a terrific 2015-2016 and a “not so good” 2017. Thinks that was part of a rotation out of defensive, boring stocks into sexy technology names. This is not going to be a fast grower. It recently acquired Millers Coors, a much bigger company. Not a growth story, but more of a cost control story. There is a lot of value in this. It is worth $100 a share, and perhaps $125 in a couple of years once it pays down the debt, as well as a potential acquisition by Heineken.

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Had a terrific 2015-2016 and a “not so good” 2017. Thinks that was part of a rotation out of defensive, boring stocks into sexy technology names. This is not going to be a fast grower. It recently acquired Millers Coors, a much bigger company. Not a growth story, but more of a cost control story. There is a lot of value in this. It is worth $100 a share, and perhaps $125 in a couple of years once it pays down the debt, as well as a potential acquisition by Heineken.

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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$83.630
Owned Owned
Yes

BUY

It is an interesting company.  If we are thinking about being late cycle, there are a few industries that are recession proof, like alcohol.  They have a nice dividend. 

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It is an interesting company.  If we are thinking about being late cycle, there are a few industries that are recession proof, like alcohol.  They have a nice dividend. 

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Jason Del Vicar

Portfolio , HollisWealth...

Price Price
$80.510
Owned Owned
No

DON'T BUY

She is not a fan right now.  There is incredible, tough competition in beverages. 

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She is not a fan right now.  There is incredible, tough competition in beverages. 

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Erin Gibbs

V.P., S&P Global Market In...

Price Price
$78.890
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Nov 3/16. Down 18%.) Hasn’t worked out recently, although his long-term clients have done quite well on this. They didn’t have a very good analysts’ day. Tried to rectify miscommunications they had with analysts. Had a Q2, that was better than what some analysts expected. Thinks it has something to do with what is going on with all consumer packaging goods. He would still make this a top pick.

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(A Top Pick Nov 3/16. Down 18%.) Hasn’t worked out recently, although his long-term clients have done quite well on this. They didn’t have a very good analysts’ day. Tried to rectify miscommunications they had with analysts. Had a Q2, that was better than what some analysts expected. Thinks it has something to do with what is going on with all consumer packaging goods. He would still make this a top pick.

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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$82.750
Owned Owned
Yes

COMMENT

Has had a huge comeback in the last year or so. It is down significantly, and only yields about 2%-2.5%. These are the types of companies and sectors you like to buy ahead of a recession. If it dropped another 10%-15%, it could be something you could look at.

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Has had a huge comeback in the last year or so. It is down significantly, and only yields about 2%-2.5%. These are the types of companies and sectors you like to buy ahead of a recession. If it dropped another 10%-15%, it could be something you could look at.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$81.920
Owned Owned
No

COMMENT

Had thought the deal to acquire Millers/Coors was very positive. Beer sales are not going to be sexy growers going forward. There is lots of competition. This has underperformed and is at a 52-week low, very cheap. If they execute well over the next few quarters, you could easily see the stock at $100.

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Had thought the deal to acquire Millers/Coors was very positive. Beer sales are not going to be sexy growers going forward. There is lots of competition. This has underperformed and is at a 52-week low, very cheap. If they execute well over the next few quarters, you could easily see the stock at $100.

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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$87.620
Owned Owned
Yes

COMMENT

This didn’t do anything until it looked like they were going to make an acquisition to assimilate Miller Coors, so now it is a huge company. Wonderful brand. The problem is, beer is not a sexy growth business anymore, so the company is going to be a cost cutter, and hopefully they will be out to get a lot of synergies with their new acquisition. It’s expensive here, and generating a ton of free cash flow. He expects them to reduce debt in the next 1-2 years, and then be in a position to increase dividends or make more acquisitions. There is a 25% chance in the next few years that it gets acquired by Heineken. The stock is worth $125 at least, and maybe $150 if they get the cash synergies proper.

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This didn’t do anything until it looked like they were going to make an acquisition to assimilate Miller Coors, so now it is a huge company. Wonderful brand. The problem is, beer is not a sexy growth business anymore, so the company is going to be a cost cutter, and hopefully they will be out to get a lot of synergies with their new acquisition. It’s expensive here, and generating a ton of free cash flow. He expects them to reduce debt in the next 1-2 years, and then be in a position to increase dividends or make more acquisitions. There is a 25% chance in the next few years that it gets acquired by Heineken. The stock is worth $125 at least, and maybe $150 if they get the cash synergies proper.

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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$96.010
Owned Owned
Yes

HOLD

The story on brewing companies globally in the last couple of years, has been the consolidation. The industry is not growing. In general drinking, there has been a switch from beer to wine. Acquisitions have become fewer and fewer, and more expensive. He would be a little hesitant going forward.

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The story on brewing companies globally in the last couple of years, has been the consolidation. The industry is not growing. In general drinking, there has been a switch from beer to wine. Acquisitions have become fewer and fewer, and more expensive. He would be a little hesitant going forward.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$97.510
Owned Owned
Unknown

TOP PICK

With this merger, it is now the 3rd largest brewery in the world. They have wonderful brands. While beer drinking is not on the rise, this is more of a cost and synergy’s play. By merging, they will be able to rationalize the advertising, marketing and procurements. Meanwhile they are generating significant free cash flow, which he thinks they will use to reduce debt in the next couple of years, and then will start again. If they get it right, the stock could be $150 a share. Dividend yield of 1.59%.

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With this merger, it is now the 3rd largest brewery in the world. They have wonderful brands. While beer drinking is not on the rise, this is more of a cost and synergy’s play. By merging, they will be able to rationalize the advertising, marketing and procurements. Meanwhile they are generating significant free cash flow, which he thinks they will use to reduce debt in the next couple of years, and then will start again. If they get it right, the stock could be $150 a share. Dividend yield of 1.59%.

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0 0 0 0 0
0 comments
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$103.020
Owned Owned
Yes

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