1) Demographics: the author wrote: "STZ volumes are also helped along by demographics as the Hispanic population of the U.S., a significant consumer of STZ’s beer brands, is growing at 3-5% per annum; well above... login to read the rest
SURF - just to add what CNM wrote, I would make sure that you note the revenue numbers you cite are just from the wine business (beer JV share ran through equity line) and also... login to read the rest
This deal completely changes their income statement. Wine goes from 65% of EBIT to 30% of EBIT and instead of always running the risk that Modelo would buy back the Crown JV at book balue... login to read the rest
What scares me is the topline trend!?!
2007 - $5,216
2008 - $3,773
2009 - $3,654
2010 - $3,364
2011 - $3,332
2012 - $2,654
2013 - $2,796
I see further down on the income statement some stable profits from unconsolidated... login to read the rest
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