Constellation's Wine Is No Crown
Constellation's Wine Is No Crown
Jan 17, 2013 6
(SeekingAlpha) - On January 9, Constellation Brands (STZ) reported its Q3 earnings. Anyone who has followed STZ knows that it was the best S&P 500 consumer staples stock in 2012, as it increased over 70% during the year. That is quite an accomplishment for this sector, especially one that primarily sells wine. Constellation is clearly a hot item in this sector then. The questions that remains are: 1) Does the +70% run-up already factor in the new Crown import deal? 2) Is STZ now more of a beer company than a wine company?
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