Molson Coors Canada 2

First note that due to the holidays, I will not be publishing again this week. I will put up a blog on Monday and Tuesday of next week. Merry Christmas.

I did a spreadsheet on this stock (TSX-TPX.B) yesterday. Today I will look to see what analysts are saying about this stock currently. Looking at the charts, this stock has done much better than the TSX over the past year, past 3 years and the past 4 years. Charts do not go further back on this stock. Looking at the American version of this stock (TAP-NSE), this stock has done much better than the S&P500 over any term.

Looking at what the analysts say TAP is much better covered than TPX.B. However, there are a lot of Buy ratings on this stock. Most people expect that this company will increase their earnings for 2008. This company has already raised their dividend by 25% this year, in US$. The stock price has come up slightly, since the end of last year for the US stock, and by over 9% for the Canadian Stock. However, the raise in the Canadian price is due mostly to the value of our currency, which has gone down since the end of last year.

Looking at the spreadsheets, the net income seems low for September 2008 third quarter, so I wonder about the earnings being higher this year. Other than that, nothing has changed. The Asset/Liability Ratios are the same, which are fairly good. The Accrual Ratio is still very high and this is not good.

Good buying indicators are the Graham Price being still above the current price, the P/E ratio is at 14.6 and this is lower than the 5 year average of 22.6, and the Dividend Yield is at 1.76% and this is higher than the 5 year average of 1.38%. These factors all point the current price being a good one.

Molson Coors Canada is a brewery company. Brands include Coors Light, Blue Moon, Keystone Light, Carling, Rickard’s and Creemore Springs. Its web site is www.molsoncoors.com. See my spreadsheet at www.spbrunner.com/stocks/tpx.htm. I am reloading my spreadsheet for the September 3rd quarter.

This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website at www.spbrunner.com/stocks.html for a list of the stocks for which I have put up spreadsheets on my web site.