Thesis Summary
Ambev S.A. (ABEV) is a distributor of beverages focused in Latin America. Currently, it is trading at historical lows which could offer a good entry point. I believe the business model is solid and expect it to remain profitable in the future. With a solid balance sheet, plenty of cash and an implied 2% yield, the company offers an interesting investment opportunity.
Company Overview
Ambev produces, distributes and sells alcoholic beverages and other refreshments. Its main products are beers which include Skol, Corona, and Budweiser. However, the company also sells a