Constellation Brands Shows Us the True Price of Pot
As spring spreads over the land, many yoga teachers put students through a long series of twists, aiming to straighten backs against the coming season’s rigors. That’s what Constellation Brands has been going through since buying what could become a majority stake in Canopy Growth, a Canadian marijuana company, last summer.
Expect more contortions April 4, when Constellation Brands reports earnings. The company is expected to report $1.72 per share of earnings, with $1.77 hoped for, on revenue of $1.73 billion.
The $4 billion purchase of Canopy hiked Constellation’s debt (total liabilities) to $12.5 billion against a market capitalization of $33.5 billion. My question remains the same: When will dividends from that investment begin to flow? (InvestorPlace)
4 Solid Stocks Whose Recent Hard Times Mean They’re Potential Bargains
One of those four is Molson Coors Brewing. “Everybody is concerned that beer is a declining category,” Bob Burnstine of Kovitz Investment Group told MarketWatch. But he believes the industry’s problems are “more cyclical … interest [in beer] ebbs and flows over time.”
EPA Science Panel Mulls Guidelines Upending Basic Air Pollution Science
Several members of a powerful science panel for the Environmental Protection Agency expressed doubt at a hearing Thursday about the long-established scientific consensus that air pollution can cause premature death.
The panel was meeting to consider recommendations that would fundamentally change how the agency analyzes the public health dangers posed by air pollution and could lead to weaker regulation of soot. (NPR)