As a long-time shareholder of SABMiller (OTCPK:SBMRY), I really can't complain - the shares may have lagged Carlsberg (OTCPK:CABGY), Heineken (OTCQX:HEINY), Molson Coors (TAP), and Anheuser Busch InBev (BUD)
over the past 12 months, but over the last five and 10 years, they've
blown away the field (and it's not really even close). Looking ahead,
I'm admittedly concerned by the take-no-prisoners valuation, but also
encouraged by the company's leverage to growing, under-penetrated
emerging markets, strong asset and cash flow leverage, and potential for
further accretive acquisitions.
Continue here:
SABMiller Pretty Foamy, But With Great Emerging Market Leverage
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