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Reply #50: Sector Glance: Alcoholic Beverages [View All]

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citizen snips Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-18-07 04:51 PM
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50. Sector Glance: Alcoholic Beverages
NEW YORK (AP) -- Shares of alcohol companies were mixed Wednesday after Goldman Sachs analyst Marc Kandel released his 2007 beverage industry trends report. In the research sent to investors, Kandel said although beer remains the most popular and fastest growing alcoholic segment in the world, the spirits industry is gaining market share. The demand for beer remains far higher on a global level than in the U.S., where demand is growing at less than 1 percent a year.

Here is how some key alcohol stocks did on Wednesday:

Anheuser-Busch Cos., down 35 cents to $52.14

Molson Coors Brewing Co., up $1.36 to $97.12

more...
http://biz.yahoo.com/ap/070418/sector_glance_alcohol.html?.v=1
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