Now Is The Time To Start Drinking
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 7 January 2016
⏱️ 18 minutes
🧾️ Download transcript
Summary
China roils the stock market again. Is that why shares of beer/wine/spirits company Constellation Brands are hitting an all-time high? Simon Erickson analyzes the growth of CB’s beer segment, as well as the rise of Bitcoin, Facebook’s potential with Oculus Rift, and Snapchat’s popularity. To check out our new podcast center go to www.fool.com/podcasts
Transcript
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| 0:00.0 | It's Thursday, January 7th. |
| 0:03.7 | Welcome to Market Foolery. |
| 0:04.9 | I'm Chris Hill joining me in studio today |
| 0:06.7 | from Motley Fool's Supernova and Rule Breakers and MDP. |
| 0:10.0 | You're on all the team. |
| 0:10.8 | Simon Ericsson, he's just doing all the work. |
| 0:12.8 | Very difficult for the business card. |
| 0:15.1 | Yeah, those don't all fit on the business card. |
| 0:17.4 | Like I said, it's tough. |
| 0:18.4 | Exactly. |
| 0:20.6 | We got a bunch of things we're going to talk about. |
| 0:22.3 | Here's what we're not going to talk about what we're not going to talk about China. |
| 0:25.0 | Because that's certainly very much in the news. |
| 0:28.0 | We are absolutely going to be talking about China on the Motley Full Money radio show this weekend so please check that out. |
| 0:34.6 | But let's start with Constellation Brands which is the parent company. |
| 0:41.2 | It's a it's a beverage company but not a beverage company in the way that Coca-Cola and Pepsi |
| 0:46.2 | are beverage companies. |
| 0:48.4 | They've got a wine portfolio of more than 50 brands, Robert Mandavi, Ravenswood, Rofino, beer portfolio, mainly with Corona |
| 0:57.2 | and Modello. |
| 0:58.2 | They've got a few spirit brands as well. |
| 1:01.5 | Stock up this morning, hitting an all-time high, third quarter profits, much higher |
| 1:05.3 | than expected, and they raised guidance for the full fiscal year. That is the one-two |
... |
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