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The coronavirus situation is causing serious problems to many industries, not least the alcoholic beverages industry. To prevent the spread of infection, bars and restaurants have been closed in many areas across the world, while sports tournaments have been axed or delayed.
However, once the world gets through this difficult period, it seems highly probable that the effects of these lockdowns will be temporary. Yes, there are significant short-term hits to sales, profits and cash flows, but stocks are valued on the present value of all future cash flows, not just the next quarter or