Barron's Drinks to Constellation - SA Editor Eli

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Barron's Drinks to Constellation
Jul 06, 2008 02:46 PM UTC

SA Editor Eli

Return	Risk
-11.59%	MID

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
BF.B	n/a
STZ		07/06/08	-16.91%	--
DIA	n/a

Via Long Investment Ideas from Seeking Alpha:

One of the few good-news stories of last week came from wine-maker Constellation Brands (STZ) - which reported a 50% jump in FQ1 net income, and gross margins that rose more than 5% to 35%. Its shares still trade at a substantial bargain to its peers, Barron's The Trader notes:

At about $21, Constellation shares trade at 12.2 times projected 2009 profits -- compared with about 18.8 times for Brown Forman (BF.B), 13.4 times for Diageo (DIA) and the 15.5 times average for distillers and vintners.

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