Molson (TAP, Financial) is a beer brand that has endured over 150 years. They recently made a good buy on Miller which greatly enhances their distribution in the US. Despite being a leading player in craft beer, there is a plethora of brewers which has led to a correction in TAP’s share price. Free cash flow is over $1 billion.
From Jeff Auxier (Trades, Portfolio)'s second-quarter 2017 shareholder letter.
