1254 Eagle Street
WebSite Town, No 6666
Phone: (01) 234 56789
It can't be played in your browser. Download
Molson Coors, a great opportunity or a lost case?
Yesterday, the American brewing company reported its first quarter results for the year, which made the stock fall to its lowest value in 52 weeks. The company’s sales dropped 4.8% and although net income was up, the adjusted EPS was 0.48 USD, lower than the analysts’ expectation of 0.80 USD per share.
The stock is closed at 60.64 USD, which indicates that the company is trading below its Book Value. Its accumulated 3-year return is very negative, a -18.1% performance. The company is known for brands such as Coors Light, Molson Canadian, Carling, Miller, among others. Many analysts blame the new tendency of customers to prefer craft beers to the more mainstream brands.
As soon as the earnings were out, we at GEM Research, updated our opinion on the beer company. Is it this a great opportunity to benefit from? Subscribe now for only 25 euros and gain access to our report on Molson Coors and many other great stocks.