Cramer: The bear thesis holds in beer stock Molson Coors, but you can buy it for speculation [CNBC]
Molson Coors Beverage Company Molson Coors Brewing Company Class A (TAP.A)
US:NYSE Investor Relations:
ir.molsoncoors.com/overview/default.aspx
Company Research
Source: CNBC
show chapters CNBC's Jim Cramer wants to see cold, hard proof of a turnaround in beer maker Molson Coors' North America business before recommending its stock to investors. Molson Coors is definitely getting its act together, but I want to see some signs of real improvement in the core business before I recommend this stock as an investment, Cramer said Monday on Mad Money. But if you want to buy Molson Coors purely on speculation that the thing has really turned around? Well, as long as you're prepared to lose a little money, be my guest. Molson Coors, the parent of Coors, Miller, Blue Moon and an assortment of other beer brands, has been struggling since late 2016 as consumers started to shift from mass-market beers to craft brews. From its 2016 peak to its 2018 trough, Molson Coors' stock lost roughly half of its value. Layer on the weakness at other beer businesses — see Budweiser parent Anheuser-Busch InBev's dismal third-quarte
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TAP.A
Sec Filings
- 4/2/24 - Form 4
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- TAP.A's page on the SEC website