Actionable news
All posts from Actionable news
Actionable news in STZ: CONSTELLATION BRANDS Inc,

Why Corona's U.S. Marketer's Latest Deal May Be One Too Many

Constellation Brands (STZ) said Monday it would buy a Mexican brewery from Anheuser-Busch InBev (BUD) , adding some badly needed beer production capacity to its portfolio, but does so at the risk of further straining the already high leverage for a well-loved company.

Constellation, the premium beer, wines and spirits company, trades at a forward P/E of 24 times, and, at $168, its shares are already in nose bleed territory, with...