Hedgeye CEO Keith McCullough is adding Anheuser Busch Inbev (BUD) to the long side of Investing Ideas. Below is a brief note.
Who likes beer? I am Canadian... so I love beer!
Consumer Staples analyst Howard Penney and Daniel Biolsi can't drink as many beers as this hockey player can, but they can analyze stocks. And they moved BUD up on their Longs list on The Call @Hedgeye this morning.
|
"We are raising Anheuser Busch InBev on our Long Bias list as we look out to 2021, anticipating improving on-premise trends, continued gains in hard seltzer, and less leverage. The company's on-premise mix is less than 20% in the US, but several countries operate with a much higher on-premise mix, as seen in the following chart." |
Buying beers on red,
KM
