CORONA - managing earnings, call it "creative accounting" or " cooking the books" better said "cooking the brew", otherwise standard practice
Sentiment: Strong Sell
So he is funding his Profit and Loss with the black hole balance sheet. Same trick with the new 2B beer plant.
STZ bought Corona for 5.3 Billion in 2013.... Now 3Q 2014 STZ report 32% Net profit margin on sales. Last two years net profit margin was 16% How did net profits Double? STZ has a 3 year nonrenewable Supply agreement for supply Modello Beer below cost....STZ paid more for the Assets to get a 3 year supply agreement below cost....The Backside don't show up for 3 years so lets Party till it's 2017!