It's always fun to own a stock that Wall Street wants to like, and that seems to be the case for Constellation Brands (NYSE:STZ). I can appreciate at least some of the enthusiasm; the company learned its lesson from rampant over-expansion by M&A and the acquisition of Crown Imports give the company not only more balance, but legitimate organic growth opportunities. Even so, investors have to pull out all of the stops for this stock to look cheap and I'd be cautious about going that far.
A Slight Operating Miss For The Fiscal First Quarter
Constellation Brands didn't have a bad first quarter, but the results weren't anything special either. All told, I doubt it will do much to dent investor enthusiasm for the stock unless there's a larger exodus away from consumer staples.
Please read more here:
http://www.investopedia.com/stock-analysis/070213/constellation-comes-little-soft-will-anyone-really-mind-stz-bud-sbmry-sam-tap.aspx
Investopedia: Constellation Brands Comes In A Little Soft, But Will Anyone Really Mind?
0 comments:
Post a Comment