Heineken NV (HINKF-OTC)

Good time to buy? Yes. Want to get good risk/reward. Around $48 there was resistance in late part of 2015-16. It’s held at that level in 2017-18. As long as we hold around $48. Really predictable revenue, strong global brand, and global reach is really critical in this competitive market. Would buy at this level. If it broke $48, would be concerned about thesis.

It is a much more pure play on beer. They are exposed to emerging markets. He likes the company, but the valuation is on the higher end. He would be very interested in the name if it sold off 10%. It could not get taken out because it is family controlled.

Beer business. The world’s only true global brand. 2/3rds of their revenue comes from emerging markets. It had a takeover offer that they turned down, but then embarked on massive cost cutting.