|Bid||86.16 x 800|
|Ask||86.18 x 3200|
|Day's Range||85.92 - 86.74|
|52 Week Range||57.39 - 99.72|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||30.79|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||1.44 (1.68%)|
|1y Target Est||96.07|
The world’s biggest packaged-food maker said its water arm, which sells brands including Poland Spring, San Pellegrino, Pure Life and Perrier, would go from being a stand-alone, globally managed business with headquarters in France, to one managed locally in Nestlé’s various regions. It also said the head of Nestlé Waters, Maurizio Patarnello, would leave the company by the end of the year. The change mimics a restructuring Chief Executive Mark Schneider pushed through for Nestlé’s infant-nutrition arm, where the company says results have since improved.
(Bloomberg Opinion) -- Nestle SA Chief Executive Officer Mark Schneider is in a good spot. He’s on the verge of capping what he set out to do when he became the Swiss food behemoth’s first outside leader for almost 100 years.Nestle is on track to meet its target for operating margin a year early. Its organic sales growth goal for next year looks attainable. And on Thursday the company unveiled plans to return another $20 billion to shareholders by 2022. That is unless it can find better ways to spend some of the money on acquisitions.The latest buyback comes just as the last $20 billion capital return — announced in June 2017 — is being completed.The German-American CEO took over in January 2017 with the aim of making changes. He received a blessing in disguise that June, when activist investor Dan Loeb’s Third Point bought a stake and started agitating for change, giving Schneider the license to move quickly.Under pressure from Loeb, he has changed up of 9% of Nestle’s the portfolio so far, in line with his plan to trade 10% of it by the end of 2020. He has sold off the U.S. confectionery business, the Gerber life assurance unit and most recently the dermatology arm, all for better-than-expected prices.And he has made canny acquisitions, including spending $7 billion for the rights to market Starbucks Corp. products outside of its cafes, which is helping drive growth in Nestle’s coffee unit. Adding Sweet Earth, which makes meat substitutes, also looks smart given the boom in plant-based protein products.Combined, the moves mean Nestle is on track to meet the low end of the target for full-year underlying operating margin of between 17.5% and 18.5% in 2020, a year early. Organic growth in the mid-single digits by 2020 looks possible, too. Nestle forecasts about 3.5% expansion in 2019.But from here, life gets tougher. Obvious disposals have been made, although Schneider could go further in pruning parts of the U.S. frozen food business, which includes Hot Pockets and DiGiorno pizzas, and its joint ventures in chilled dairy, cereals and ice cream.The decision to no longer run the challenged waters arm as a separate business and instead integrate it into Nestle’s three main geographic regions indicates that that business won’t come up for sale in its entirety.Nestle believes its range of waters, which include the Perrier and S.Pellegrino brands, are capable of delivering strong growth, thanks to demand in emerging markets and the trend for health and wellness in developed regions. But staying so committed to the business looks like a rare strategic misstep, given the pressures on the lower end of the market and growing environmental awareness.As for further acquisitions, more bolt-ons that take Nestle into nascent but potentially fast-growing consumer categories along the lines of fake meat, look likely given the creation of a unit to bolster expansion both within the group and outside of it.There is one portfolio change that seems to remain stubbornly out of Schneider’s plans: selling Nestle’s 32 billion–euro ($35.6 billion) stake in L’Oreal SA, the world’s biggest maker of beauty products.Loeb has been pressing to offload it. Nestle doesn’t need the money, and would prefer to link any change to a big strategic move. But there is merit in considering the disposal. Concern is rising about a slow-down in luxury demand in China, something that has been buoying L’Oreal’s premium cosmetics brands. Meanwhile, the U.S. make-up market looks more challenging after a boom. If conditions deteriorate, Nestle may have missed the best chance to extract maximum value.And it can’t afford any slip ups. The shares have risen 44% since Schneider arrived in January 2017, and trade at a forward price earnings ratio of 22 times. While the premium to Unilever NV is deserved, at this elevated valuation, there is less room for error than when Schneider walked in to shake up what was then a lumbering food giant. To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Starbucks Corporation (SBUX) plans to release its fourth quarter and fiscal year 2019 financial results after the market close on Wednesday, October 30, 2019 with a conference call to follow at 2:00 p.m. PT. In the fourth quarter of fiscal 2019, Starbucks realigned its operating segment reporting structure to better reflect the cumulative effect of the company’s streamlining efforts. Specifically, the previous China/Asia Pacific (“CAP”) segment and Europe, Middle East, and Africa (“EMEA”) segment have been combined into one International segment.
(Bloomberg) -- Sweeping up broken glass and scrubbing graffiti have become regular chores for workers at the various businesses of Maxim’s, the 63-year-old restaurant and catering empire founded by a Hong Kong billionaire clan.This isn’t just random vandalism. Protesters have relentlessly targeted the company after the daughter of Maxim’s founder, Annie Wu, criticized Hong Kong demonstrators at the United Nations Human Rights Council last month.It was a rare public appearance from a member of a billionaire family that founded a restaurant group with $2.6 billion in annual revenue, and that operates more than 1,300 outlets in Hong Kong and other parts of Asia, including Starbucks. In the mainland, Wu received praise from state media, but in Hong Kong, fallout was swift.Activist Joshua Wong tweeted that Starbucks should drop its deal with Maxim’s, and a petition collected more than 59,000 signatures. Fast-food chain Maxim’s MX, Genki Sushi and Maxim’s Cakes -- all part of the clan’s empire -- were sprayed with graffiti or had windows smashed. At two of the city’s leading universities, students held boycott rallies. Beijing’s allies in Hong Kong, for their part, have tried to counter the campaign, with one pro-Beijing party calling for supporters to spend more at Starbucks and Maxim’s while lawmaker Starry Lee posted photos of herself nibbling on Genki sushi.Maxim’s Caterers Ltd. has sought to distance itself from Wu, the eldest daughter of co-founder James Wu, saying the 71-year-old doesn’t hold a position in the company. She does, however, have a stake of less than 1%, activist investor David Webb said in a Twitter post, citing company documents. Chairman Michael Wu, the grandson of Annie’s uncle, runs the company.As Beijing resorts to corporate arm-twisting to influence the narrative in Hong Kong from the National Basketball Association to Cathay Pacific, protesters have largely taken aim at Chinese state-owned companies they view as complicit, including banks and their ATM machines, and China Mobile Ltd. The case of Maxim’s, one of a few private companies being targeted, shows that protester anger isn’t just reserved for China Inc. Activists called for protests at Apple stores after the company pulled a live-mapping app that tracked deployments of police, though there have been no attacks yet on the fresh target.The months-long protests have already caused the closure of 100 restaurants across Hong Kong, with about 2,000 employees affected as a result, Financial Secretary Paul Chan said in an Oct. 13 blog post. For the survivors, turnover could drop by as much as 30% from August to October, according to Alice Leung, an analyst at KGI in Hong Kong.The impact could be more pronounced for Maxim’s, which analysts say has most of its business in Hong Kong. Maxim’s revenue grew 16% last year to $2.6 billion. The shares of its Hong Kong-listed peers Fairwood Holdings Ltd. and Tsui Wah Holdings Ltd. have dropped by more than a quarter since June.“Given the magnitude and that most of its costs are fixed, the impact on profits will be significant,” she said. “Maxim’s Group has exposure in fast food, Chinese restaurants and western dining in Hong Kong.”Annie Wu didn’t respond to an interview request sent through the Hong Kong Federation of Women, which she was representing at the U.N.“Regarding the current social events, we genuinely hope all parties will resolve their differences and our community may resume normal operations again soon,” Maxim’s said in a statement, declining to provide further comment.Maxim’s might seem like an unlikely target for Hong Kong protests, given its long history in the city. But ever since China’s economic opening under Deng Xiaoping, the Wu clan has deepened ties with China, with Annie leading the way as a member of the Communist Party’s political advisory body.The establishment dates to 1956 when, brothers S.T. and James Wu were indignant about poor service from staff at western restaurants in Hong Kong. Among the slights, detailed in the company’s history pamphlet for its 60th anniversary, was regularly being given a table near the bathroom.“Just because we’re Chinese, we’re not fit to dine at a western restaurant?” the brothers asked in the official document.So they opened their own French restaurant and nightclub with salmon flown from Norway and strawberries from Japan. They hosted rock bands and Hollywood stars. In the 1980s, their proficiency with western culinary techniques was key to establishing partnerships in China. Former leader Deng even asked whether they could make French bread, according to the company.As big hotel groups started offering more grandiose designs and larger live bands, the brothers changed course. They carved a niche with smaller restaurants, opening 20 cafes in two years. By the 1980s they had the backing of Jardine Matheson, one of the city’s biggest conglomerates (its Dairy Farm has a 50% stake).In the 2000s, the business opened its first Starbucks store in Exchange Square in Hong Kong. In 2011, Maxim’s acquired full ownership of Starbucks in Hong Kong and Macau.The Wu clan now has a fortune worth at least $1 billion, derived mostly from their stake in the company, according to the Bloomberg Billionaires Index.Annie Wu’s business success is due partly to China. She first visited the mainland in 1978 with a visit to Sichuan province.She was a founder of the joint venture Beijing Air Catering Ltd. after Deng demanded flight catering services be introduced to the mainland by May 1980. The service didn’t exist in Beijing at the time, which meant international flights had to stop in Tokyo to get meals onto airplanes.“For years, I had been like a lone traveler, leading a rootless wandering life and looking for long-lost treasures,” Wu told China Daily in a Sept. 7 interview. “I found my roots.”She also rose politically, serving as a member of the Standing Committee of the Chinese People’s Political Consultative Conference National Committee, a top advisory body. It was at the UN council alongside fellow heiress Pansy Ho of Macau casino wealth, that Wu most publicly criticized the protesters.She then turned to Chinese state media to chide protesters as representing a small minority and blamed international media for bias against the “silent majority.”“A lot of those peaceful protests have become violent like riots,” Wu said. She called for punishments for faculty and students who boycott.After her showing, Beijing expressed its gratitude. The Central Political and Legal Affairs Commission, a Communist party organ, posted on its social media account that netizens had sent 650 Maxim’s mooncakes -- delicacies enjoyed around the lunar festival -- - to Hong Kong police.(Updates with Wu quote on China in 21st paragraph.)\--With assistance from Pei Yi Mak.To contact the reporters on this story: Blake Schmidt in Hong Kong at firstname.lastname@example.org;Venus Feng in Hong Kong at email@example.comTo contact the editors responsible for this story: Pierre Paulden at firstname.lastname@example.org, Jeff SutherlandFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares of Chipotle have skyrocketed over 90% in 2019. Now with Chipotle set to release its Q3 2019 financial results on Tuesday, October 22, let's dive into some estimates and fundamentals to see if investors should consider buying CMG stock right now...
Six sustainable packaging businesses pitched their products before the two chains as well as venture investors at an event last month in New York, held during the UN general assembly meetings where the environment was high on the agenda. Styled after the popular television show Shark Tank, which involves entrepreneurs pitching their products to investors, the event was part of a broader project that McDonald’s and Starbucks have contributed $15m to in partnership with Closed Loop Partners, which pursues sustainable investments.
(Bloomberg Opinion) -- How worried should we be about Starbucks’s recent announcement that it plans to begin testing a new type of store that only takes orders via mobile app — no cashiers?At first glance the image seems vaguely dystopian: person after person filing through, inevitably wearing AirPods, to pick up caffeine-and-sugar infusions they ordered by pressing a few buttons on their smartphones as they were leaving home — all without a moment of human interaction.(1)But that’s more or less what’s happening right now at regular Starbucks stores: the company already accepts mobile orders, and has more than 16 million mobile users. The drawback is that those users crowd the stores and cause bottlenecks at peak times; in some outlets, the glut of mobile orders has gotten so bad that it’s discouraging walk-in customers. Thus, the mobile-only store model is presumably a response to problems already created by mobile ordering.Experiments of this kind are increasingly common. Amazon Go stores are cashier-less. Some grocery stores let you scan items as you pick them up and economize on checkout time. And mobile ordering is becoming widespread for foods ranging from salad to lobster. So we might not be too far away from the day when mobile ordering and cashier-less purchasing are the norm, rather than the exception.Will we be better off for it?In Starbucks’s case, at least, mobile-only stores might actually work out well for customers. Those who want to order via mobile will be able to go to specialized stores optimized for handling them. And that will reduce congestion at other stores, meaning that people there won’t have to spend as much time waiting for their drinks.As with many forms of product differentiation, the change might even increase demand for Starbucks coffee. Anyone who previously found Starbucks too time-consuming to stop in during their morning commutes will have a new, faster option. And people who had been driven off by the throngs of mobile-order customers might be able to come back.It’s less clear, however, how mobile-only stores will affect Starbucks employees.Some activists are trying to push for laws that would put limits on the shift to cashier-less shopping, requiring that stores must have humans on hand to ring up customer orders. That’s an onerous proposal — analogous to saying that every ATM should also have a bank teller on hand.(2)But still, you can see why there’s concern. Presumably, cashier-less stores will need fewer employees, even if they do pull in a large number of new customers. And reducing congestion in regular Starbucks stores might reduce staffing needs there as well.Then there's the drudgery factor: Working in a mobile-only store will surely be a lot more monotonous, more like being employed on a factory assembly line than in a typical coffee shop, where give-and-take between workers and customers can be part of the appeal. There will be less human interaction – and what interactions there are might well be with upset customers.It’s also likely that the workers at mobile-only stores won’t make nearly as much in tips. First off, customers might not feel an obligation to employees they don’t interact with personally. Moreover, tipping using an app isn’t observable to others, and there’s solid evidence that people take prosocial actions more frequently when others are watching. In other words, people tend to tip more when they know they're being observed.That said, the Starbucks app’s default tipping options are on the order of 10% to 20% -- higher than many people give with the typical change-in-jar approach. So if Starbucks pushes app tipping hard with notifications and alerts, there might not be too much of a shortfall. Better would be to still have a physical tip jar in mobile stores — or even to place a star on the order display board next to the name of anyone who tips.So there’s a chance that mobile-only Starbucks might be beneficial overall, rather than dystopian. Or at least not as dystopian as the pumpkin-spice latte.(1) I mean, isn’t that basically one of the opening scenes of the movie "Equilibrium"?(2) And what about completely automated coffee shops like those now operating in San Francisco?To contact the author of this story: Scott Duke Kominers at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Scott Duke Kominers is the MBA Class of 1960 Associate Professor of Business Administration at Harvard Business School, and a faculty affiliate of the Harvard Department of Economics. Previously, he was a junior fellow at the Harvard Society of Fellows and the inaugural research scholar at the Becker Friedman Institute for Research in Economics at the University of Chicago.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Worried that you missed out on critical personal finance education growing up? Don't worry, Matt McCall has you covered. In this episode of his "MoneyLine" podcast, he sits down with InvestorPlace producer Dave Maxwell -- a self-professed average young man -- to discuss the basics.Many young people, Maxwell included, feel intimidated when it comes to saving for retirement. McCall doesn't blame them, but that doesn't mean he's giving young folks a free pass. Instead, he talks with Maxwell to learn just why retirement is so scary -- and often unapproachable.The two agree that it's often hard to visualize long-term goals, which makes it even harder to save for them. If you can't imagine exactly how much money you'll need when you're 65, how will you feel inspired to cut down on your subscriptions from Netflix (NASDAQ:NFLX) or Apple (NASDAQ:AAPL)? But if you want to save $1 million for retirement (the often-cited amount to aim for), there's no time like the present.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Super Boring Stocks to Buy With Super Safe Returns Still having a hard time visualizing the future? In that case, here's some of McCall's quick math. If three working adults each save $120,000 for retirement, but they start at ages 25, 35 and 45, respectively, their retirement savings accounts will look much different at age 65. In his example, the man who started saving at 25 ended up with over $1.4 million by the time he was ready to retire. On the other hand, the man who waited until 45 only had $300,000. McCall's Podcast on Saving for RetirementOK, so you already know that you need to start saving young. What if the real problem is that you have a limited amount of disposable income? McCall totally relates. In this episode of "MoneyLine" he discusses how he, too, is struck by the finer things in life. And who doesn't love stopping by Starbucks (NASDAQ:SBUX) in the morning for a quick latte?Well, split-second spending decisions can make a difference. To start, McCall recommends saving an extra $100 every week. For many young workers, this may mean cutting back on happy hour drinks, morning coffee or online shopping. But it can also mean paying closer attention to your monthly budget.For example, McCall said he -- along with many other Americans -- made the decision to cut the cord with cable. However, his cost-cutting exercise resulted in over $100 a month in new subscription services from Netflix and Apple, and he's still planning on jumping on Disney's (NYSE:DIS) Disney+ bandwagon. When saving for retirement, it's critical that young adults pay attention to their monthly expenses, whether that be eating out, video streaming services or Spotify's (NYSE:SPOT) Premium plan. Cutting back on everyday costs can go a long way in helping save more for the future.Oh, and if you have an employer-matched 401k plan like Maxwell and McCall, you better be maxing it out. For 2019, you can contribute $19,000 to your 401k -- and that will really add up as you approach your golden years.Listen in to this episode of "MoneyLine" for more information on saving for retirement (but most importantly, without fear).Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Don't Stress About Saving for Retirement -- Just Start Young appeared first on InvestorPlace.
With Q3 2019 earnings season set to heat up when the big banks start to report on Tuesday, October 15, it's time to see what investors should expect from Coca-Cola...
On CNBC's "Trading Nation," Todd Gordon of TradingAnalysis.com suggested that traders should consider a bullish options trade in Starbucks Corporation (NASDAQ: SBUX ). He had to close his previous ...
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Starbucks Corp. announced Wednesday that it is expanding its happy hour buy-one-get-one-free deal to include all hand-crafted beverages in grande size or larger. The deal includes the flat white, frappuccino and caramel macchiato, which are some of the pricier items the coffee company offers. The change will go into effect with the Oct. 10 happy hour event. Happy hour takes place between 2 p.m. and 7 p.m. Starbucks stock is up 48% over the past year while the S&P 500 index has gained 1% over the period.
Starbucks' (SBUX) solid global footprint, successful innovations, best-in-class loyalty program and digital offerings are encouraging.
Continuing his conversations with local business leaders for Business Journal's Grow Seattle initiative, Greater Seattle Partners CEO Brian McGowan recently met with Phyllis Campbell, Pacific Northwest Region Chairman for JPMorgan Chase, to talk about her company’s effort to support small businesses to be forces for global good.
Things haven't looked great for Canopy Growth (NYSE:CGC) recently, and CGC stock has been on the ropes for the last six months. Worse, coverage of their troubles is suggesting there's something deeper to worry about. Source: Jarretera / Shutterstock.com InvestorPlace contributor Ian Bezek recently suggested that Canopy Growth is rudderless and sinking without former co-CEO and co-founder Bruce Linton's involvement in the company. Bezek further suggested that Canopy has been abandoned by its major partner, Constellation Brands (NYSE:STZ), a dual reality that is, most certainly, bad news for owners of CGC stock. That's one way of looking at Linton's departure and Constellation Brands' desire to bring financial and operational discipline to a company that had gotten ahead of itself. InvestorPlace - Stock Market News, Stock Advice & Trading TipsI, on the other hand, see Constellation Brands doubling down on its investment in Canopy Growth. Here's why. Cannabis-Infused DrinksWe are mere days from the Canadian legalization of cannabis-infused drinks, edibles, oils, tinctures, concentrated extracts, and topical products on Oct. 17. That said, these products won't be available for a minimum of 60 days, and if the initial legalization in 2018 is any indication, the supply should be somewhat constrained until early 2020. * 7 Important IPO Stocks to Watch for the Long Run The kind of products that I would actually use is finally hitting the Canadian market. People in their 40s or 50s, who've never smoked in their lifetime, have no desire to start now simply because they could get high. The addition of edibles and drinks will be the tipping point for the Canadian cannabis industry. So, the announcement Oct. 2 that CGC acquired a 72% stake in Toronto-based sports drinks maker BioD+Steel Sports Nutrition Inc., with the option to buy the rest at some point in the future, was a very big deal for two reasons. A Great Company in a Fantastic MarketFirst, it gets Canopy into the very competitive sports nutrition and hydration market, with a company whose customers, its press release suggests, include "70% of the teams in North America's four major sports leagues."Connor McDavid, Brooke Henderson, Wayne Gretzky, Eugenie Bouchard, and Dallas Cowboys star running back, Ezekiel Elliott, are all brand ambassadors. "BioSteel has a reputation for being a best-in-class provider of natural sports nutrition products," commented Mark Zekulin, CEO, Canopy Growth. "This acquisition allows us to enter the sports nutrition space with a strong and growing brand as we continue towards a regulated market of food and beverage products that contain cannabis. We view the adoption of CBD in future BioSteel offerings as a potentially significant and disruptive growth driver for our business."The beauty of this acquisition is that it doesn't need to enter the CBD market for the deal to be a long-term positive for CGC. However, you know it's headed in that direction. BioSteel co-founder and co-CEO Michael Cammalleri is a CBD user. He understands the acceptance of CBD-based products by both professional sports leagues and consumers is changing for the positive as people realize these products provide more effective pain relief while minimizing the negative effects of prescription painkillers. Canopy and Constellation can take BioSteel to the next level. A Deal in Constellation's WheelhouseIf you think Constellation is about to run away from its multi-billion-dollar investment, I don't believe you understand why Constellation Brands got involved with Canopy in the first place.Former CEO Rob Sands, who's now Executive Chairman, knew that the addition of a fourth revenue stream to complement its beer, wine, and spirits portfolio was a logical extension of its business. As a result, the aggressive entrepreneur first bought a small stake in Canopy in 2017, followed by a $4-billion bet less than a year later, giving it 55% of the business. "Canopy is Constellation's arm for participation in the cannabis sector," Sands explained in a March 2019 interview with CNN Business.In August, I suggested that Canopy and Constellation, in their search for a new CEO, look to Mark Parker of Nike (NYSE:NKE), Laura Alber of Williams-Sonoma (NYSE:WSM), and Rosalind Brewer of Starbucks (NASDAQ:SBUX) as potential candidates. Personally, I'd love to see Brewer land the job, but she's likely got her hands full with Starbucks, not to mention she's likely the top candidate to replace CEO Kevin Johnson should he ever decide to step aside. In September, Canopy chairman John Bell said that the company would have a new CEO named by the end of the year. Current CEO Mark Zekulin has already said he would leave the company once a successor is named. I don't know who it will be but you can bet Constellation CEO Bill Newlands will have had a big say in the eventual winning candidate. However, the addition of BioSteel should be a nice enticement for anyone considering taking the top job. If Constellation were retreating from its investment, there is no way the BioSteel deal would have gotten done. It's more likely that the company's beverage experience played a big part in the negotiations beginning in the first place. The Bottom Line on CGC StockIt's easy to get cynical about large companies and their desire to please shareholders before all else. The truth, however, is that Constellation Brands has a fiduciary responsibility to those shareholders to manage the company's assets and operations in the most responsible way possible, a role that Newlands and Sands take very seriously. As Bezek commented, the fact that Linton paid $600 million in stock for Hiku, which generates very little revenue for the company, is a big reason why a little more oversight isn't a bad thing. Constellation Brands hasn't forgotten about its investment in Canopy Growth. BioSteel is a good reminder of that. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Important IPO Stocks to Watch for the Long Run * 7 High Volatility Stocks to Buy as the Market Rebounds * 7 Dow Jones Industrial Average Stocks to Sell The post Constellation's Involvement Still Is the Best Hope for CGC Stock appeared first on InvestorPlace.
“I don't equivocate on this: Firms that are not paying attention to this are committing corporate suicide,” says Hobson, referring to diversity. “It may not be fast, but at some point, it will come if you don't pay attention to this.”