Last Updated Oct 31, 2008 7:53 PM EDT Ever since the financial crisis hit last month, people have been wondering about the InBev-Anheuser Busch merger. Will it go through? Yes, it almost certainly will. The main reason is that the $52 billion deal has solid financing behind it. And as the Dow Jones news service pointed out on Thursday, "selling beer is a solid business, even during a recession." Nevertheless, Dow Jones noted, "investors appear nervous," as shown by Busch's stock price, which closed Friday at $62.03, or about 8 bucks below the deal price. But that deal price, $70, is also $10 more than Busch's highest-ever stock price. And $45 billion of the sale price will be financed with debt, which in the current climate can't help but spook investors. But beer throws off cash, and people buy beer even during hard times. The underpinnings of the deal, and of the combined company's ability to service its debt, are pretty much the same as they were a few months ago. And, as Dow … [Read more...] about InBev-Busch Deal Spooks Investors, but They’re Wrong
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Image source: The Motley Fool.Anheuser-Busch InBev SA (NYSE: BUD)Q4 2017 Earnings Conference CallMarch 1, 2018, 9:00 a.m. ETContents:Prepared RemarksQuestions and AnswersCall ParticipantsPrepared Remarks:OperatorWelcome to the Anheuser-Busch InBev Full Year 2017 Earnings Conference Call and webcast. Hosting the call today, from AB InBev are Mr. Carlos Brito, Chief Executive Officer, and Mr. Felipe Dutra, Chief Finance and Technology Officer. To access the slides accompanying today's call, please visit AB InBev's website now at www.ab-inbev.com and click on the Investors tab and the reports and filings page. Today's webcast will be available for on-demand playback later today. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. [Operator Instructions]Some of the information provided during the conference call may contain statements of future expectations and other forward-looking statements. … [Read more...] about Anheuser-Busch Inbev SA (BUD) Q4 2017 Earnings Conference Call Transcript
Anheuser-Busch InBev, the world's largest brewer, forecast strong revenue and profit growth this year after Brazil's rebound led to higher than expected earnings at the end of 2017. The Belgium-based brewer said on Thursday it expected revenue and core profit (EBITDA) to grow strongly again in 2018, with revenue per hectolitre rising by more than inflation and costs by less. "We expect to continue to deliver results that are consistent with that or as strong as that," Chief Financial Officer Felipe Dutra told a conference call, indicating he expected momentum from 2017 to be maintained. Its global brands Budweiser, Stella Artois and Corona were performing well, he said, and A-B InBev was focused on persuading more consumers to opt for beer instead of other drinks. However, he cautioned that the first quarter could be weaker because of an early Carnival, which typically marks the end of summer drinking in Brazil, and increased marketing spending ahead of the soccer World Cup in Russia … [Read more...] about A-B InBev sees strong 2018 growth but continued market shares losses in U.S.
U.S. stocks rose to a nearly four-week high Monday as continuing gains in Treasuries pushed yields further below 2.9 percent, alleviating investor angst that higher rates will accelerate fiscal tightening. Oil climbed with gold. The S&P 500 index gained for a third day, and the Dow Jones Industrial Average climbed to its highest level in almost a month, buoyed by strength in technology and financial shares. Volume was lower than usual as investors await the first public comments from Federal Reserve Chairman Jerome Powell today. The 10-year yield fell for a third straight day, reaching a two-week low. The dollar was little changed. The S&P 500 gained 32.30 points, or 1.2 percent, to 2,779.60, with telecoms and technology stocks leading the way. For the second straight day, the market turned higher as the day wore on. That's an encouraging sign to investors who see the last hour of trading as being dominated by professional traders -- the so-called smart money. The Dow rose … [Read more...] about Tech firms power rally in stocks
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Jon Chesto Globe Staff February 22, 2018 Welcome to the Sam Adams roller coaster, Dave.Shares in Boston Beer Co. plunged nearly 14 percent Thursday after the brewer reported fourth-quarter earnings and provided guidance for 2018. The news came on the heels of last week’s announcement that Peet’s Coffee CEO Dave Burwick would be Boston Beer’s new chief executive, reporting to founder and chairman Jim Koch.The earnings report didn’t contain overly gloomy news that would automatically take the fizz out of Sam shares. But Boston Beer just wrapped up the second year in a row of declining revenue. The company continues to find itself squeezed from above by giants like AB InBev and Molson Coors, and from below by an ever-growing crowd of smaller craft brewers. It’s too small to push around the big boys, and too big to be one of the cool … [Read more...] about Boston Beer’s stock has a bad hangover