7/1/24 :: VROCKSTAR :: 
STZ
A buy ~$250, but timing off
- great brands (pricing power!) and capable mgmt
- EPS can grow teens, impressive for 50 bn EV
- 19x PE (though mind the debt so adj. > 25x) reasonable: you get what you pay for
- stock is dead money nominally and bad money v tech over last several years - which keeps me patient still
- would be interested in dip buying a decent result, but don't feel comfortable necking out for the 3% fcf (on EV) yield into a consumer that might be trading down
- prefer to wrangle a good entry in
CELH (no position currently, but top of my pecking order/ watch list) before entering other bev/ alcohol names
- would consider a dip buy on an outsized move (like we've seen in some names lately - tho they've been more discretionary - this is defn more staple)
- gl to holders
V
STZA buy ~$250, but timing off
- great brands (pricing power!) and capable mgmt
- EPS can grow teens, impressive for 50 bn EV
- 19x PE (though mind the debt so adj. > 25x) reasonable: you get what you pay for
- stock is dead money nominally and bad money v tech over last several years - which keeps me patient still
- would be interested in dip buying a decent result, but don't feel comfortable necking out for the 3% fcf (on EV) yield into a consumer that might be trading down
- prefer to wrangle a good entry in
CELH (no position currently, but top of my pecking order/ watch list) before entering other bev/ alcohol names- would consider a dip buy on an outsized move (like we've seen in some names lately - tho they've been more discretionary - this is defn more staple)
- gl to holders
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.