TAP - Near 52-Week Lows Molson Coors Beverage Offers A Compelling Value And Income Play
2024-07-05 13:13:04 ET
Summary
- Molson Coors stock has dropped below $50 per share, far from stable levels expected of the company.
- The company produces a variety of beer brands, spirits, and non-alcoholic beverages to diversify its portfolio.
- Molson Coors has a strong balance sheet, with growing revenue streams, share buyback program, and increasing dividends, making it a good value play.
Poking around companies in the realm of 52-week lows, I came across venerable brewing company Molson Coors Beverage (NYSE: TAP). Dipping below $50 per share, the company is far away from the stable levels one generally expects of the price of such a normally stable business....
Near 52-Week Lows, Molson Coors Beverage Offers A Compelling Value And Income Play