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Molson Coors Canada Inc
Symbol TPX
Shares Issued 11,104,565
Close 2021-06-25 C$ 68.47
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Successful Inv says hold Molson Coors Canada

2021-06-25 20:44 ET - In the News

The Successful Investor, in the June, 2021, issue, says hold Molson Coors Canada Inc., recently $70. The Investor said buy 25 times from June, 2005, to February, 2020, at prices ranging from $40 to $133 (the stock split 2 for 1 in September, 2007). Assuming a $1,000 investment for each of the 25 buys, the $25,000 position is now worth $30,240. Molson is one of the world's largest beer brewers. As many bars and restaurants were closed or operating at reduced capacity amid COVID-19, Molson's sales dropped to $1.90-billion (U.S.) in the quarter ended March 31, 2021, from $2.10-billion (U.S.) in the same period last year. Per-share earnings plunged to one U.S. cent from 35 U.S. cents. Molson suspended its dividend in the spring of 2020, but is hoping to resume payments in the second half of 2021. Hold.

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