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It's fall and a lot of people will be |
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warming up with some whiskey. |
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Released on Monday, November 7, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - It’s fall in America; just about time to begin sitting outside and enjoying the leaves and fall scenery. You might want to take a nice small sipping whiskey with you. We could suggest a nice smooth Kentucky bourbon—such as Jim Beam.
Well if you aren’t that into whiskey, we have another proposition for you, how about buying a portion of a company who has “the number one selling premium bourbon in the world.” Beam, Inc. - owned by Fortune Brands, Inc. - is the distiller and producer of numerous types of liqueurs, whiskies, and beverages that will prove to wet your whistle, but what’s making our mouth water is its stock!
Fortune Brands, Inc. (NYSE:BEAM) is currently trading at $49.92 per share (4:52 PM EDT November 5th, 2011). It has an EPS of $3.83 per share, making its price 12.89 times its earnings. A market capitalization at $ 7.63 billion this medium-cap company has a lot to offer.
They give a small dividend of about 1.50% annual yield or 76¢ a share, but also a projected forward P/E up to 21 times earnings, so prices could be heading up for Beam. They have an operating margin around 12% a beta at 1.69 and a current ratio that just says ‘stability’ coming in at 2.17.
Now this company just recently started trading on the markets, its Form 3 hit the SEC early in October, so it’s only a month out that investors have been able to get a piece of the company that produces Beam whiskey, but the MACD seems to be showing hope for the growth of this stock, presenting only bullish divergences on its outlook.
Over the course of just one month separate from its parent company, Beam, Inc. has grew $10.00 on the share representing 25% appreciation in the original value of the stock, just think how high this company could go. One this is for certain, if the company is just now tapping into the equity markets, its products will explode in variety and quality, pushing them to the top of alcohol consumption lists the world-over.
The fact is, the company is new to the markets, its got a time-tested product, the management has been in place for years, and it has stable financials, what more could you possibly want?
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