Why Investors 70 and Older Should Buy ABI Stock
It’s “a rock-solid investment that can supply you with a steadily rising stream of income — one that can help support you in retirement and that you can count on year after year,” Joe Tenebruso writes at The Motley Fool.
Anheuser-Busch InBev (NYSE:BUD) dominates the global beer industry. After acquiring its former No. 1 competitor, SABMiller, in a $100 billion deal, AB InBev now commands nearly 30% of the global beer market. The combined company has a portfolio of more than 500 beers, including seven of the top 10 global beer brands and 18 brands that generate more than $1 billion in retail sales, Tenebruso says.
AB InBev is now the world’s first truly global brewer, with operations in virtually every major beer market. And while growth in beer consumption has recently been tepid in developed markets such as the U.S., the merger with SABMiller gives AB InBev a stronger position in high-growth developing regions, particularly in Africa. Read More here.