05:02:01 EDT Thu 28 Mar 2024
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Successful Inv says buy Molson Coors Canada

2015-05-05 22:06 ET - In the News

The Successful Investor, in the May, 2015, issue, says buy Molson Coors Canada Inc.'s Class B shares, recently $99 ($94 for the Class A shares). The Investor said buy 17 times from June, 2005, to October, 2014, at prices ranging from $40 to $99 (the stock split 2 for 1 in September, 2007). Assuming a $1,000 investment for each of the 17 buys, the $17,000 position is now worth $35,145. Molson recently paid an undisclosed amount for Shivalik Breweries, which runs two breweries in India. That brings Molson's breweries in the country up to three. The deal benefits Shivalik by giving it access to Molson's brewing expertise, and benefits Molson by helping it launch and distribute its own brands, including Coors Light, in India. Molson is a buy. The Class B shares, which have fewer voting rights than the Class A shares but are more liquid and receive the same dividend, are the better choice.

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