Archive for February, 2009
Booze May Be Recession Proof, But It’s Not Currency Proof
Liquor, casinos, guns, and butter. All are supposed to be recession proof industries - great investments when times are tough. The problem is, that’s not good enough when you’re an international beer company, and relying on brisk overseas sales.
By now you may be aware Molson Coors (TAP) had a poor quarter. Year-over-year earnings fell 44%, from 94 [...]
