Buying TAP @ $38.04
2% position
I last sold TAP over $40/share, so buying it back right around $38 is a pretty good deal.
Remember, TAP is Molson Coors Brewing. Beer. And it's much more North American than InBev/Budweiser. We Americans drink at home much more than the rest of the world where 75% of beer is consumed outside of the home.
So TAP is a good way to play the consumer drinking - whether that be out and about or back home if we shut down again.
2% position
I last sold TAP over $40/share, so buying it back right around $38 is a pretty good deal.
Remember, TAP is Molson Coors Brewing. Beer. And it's much more North American than InBev/Budweiser. We Americans drink at home much more than the rest of the world where 75% of beer is consumed outside of the home.
So TAP is a good way to play the consumer drinking - whether that be out and about or back home if we shut down again.
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