TAP is no unstable corporation. TPL has zero debt and that is my now second largest holding. TPL buy's back it own share's, but TAP pay's out dividend's. In my thinking, folk's are selling TAP because of the increasing tax on dividend's. I am not rich so TAP's dividend's are not going to...on a side note... "Workin Hard Blue's" by Mr. Guthrie is my favorite song.
I still have alot of cash... will average down. I have read that TAP is below book value. Regardless of the fiscal cliff, TAP has value, growth and an increasing dividend. Congress will get their act together.
But I invest in TAP. TAP is undervalued in my thinking. Over a 3% dividend. Coor's is the best tasting beer. As an accountant, the book value of TAP is .90. In other word's, some person could buy out TAP, at TAP's current low price and make a 10% profit. The book value of BUD is over 3 time's book value.