E Global Investing: Oh Cannabis

Food & Beer

*Anheuser Busch InBev (BUD) had its target price raised to $117 by Trefis analysts, 37% over the current price for the Belgian-based brewery. The main reason is that despite its history and ticker symbol, BUD is only selling 23% of its output in the US; while Latin America accounts for 37% and other fast-growing emerging markets and Europe making up the rest. ABI is mainly traded in Belgium now and its US volume is smaller.

*A caveat on the sale of its US arm to H-Food LLK, (Hearthside Foods LLC) took down Greencore Group plc, the Irish maker of ready meals primarily listed in London, GNCGY. It expects to receive $.1.075 bn for the US businesses it bought over the past two years. Now S&P Global Ratings warns that H-Food already is 8.5x leverage and it has placed the buyer on negative credit watch. So far we have no idea where H-Food expects to get the funds.


*SPDR Gold, GLD, is rising along with the yellow metal, as I expected. It is an inflation hedge and with Pres. Trump attacking the Fed for raising rates, gold is in play. Short sellers who didn't expect gold to move up with the dollar got caught and have to buy now. Today it fell back giving newbies a buy opportunity.

There were no responses to my offer yesterday on emerging markets airport plans. To get more subscribers I offered a free 3 month trial to anyone able to identify another country with third-world airports (cited by John Llewellyn in his screed about the problems of infrastructure in NYC). The hint is that there work is beginning on generating public support for an upgrade or a new airport. Reply to vivian@global-investing.com. First correct guess wins.

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Howie Sandberg 10 months ago Member's comment

Nice, hard to find any info on $EYPT, which I've been interested in for a while.

Vivian Lewis 10 months ago Author's comment

if it works it will be wonderful. It sounds icky to put a tiny drug feed into the eyeball but it is a way to deliver the medication where needed. I wrote about its great performance to boost my newsletter subscriber base but none of my foreign picks this year to date have done as well