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Author: SoMch2Knw Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36686  
Subject: RKY...Coors Date: 2/10/2004 12:33 PM
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Paraphrase --

Adolph Coors Co. (RKY) 4qtr net income rose 78%...
...reported net income of $36.1 million, or 98 cents a share, for the period ended Dec. 28, compared with $20.2 million, or 55 cents a share, a year earlier.
Analysts...earnings of 68 cents a share, according to Thomson First Call.
Sales rose 4.3% to $1.02 billion from $981.1 million.
...sold 5.1 million barrels of beer and other beverages...down 2.7% from the same period a year earlier, and sales fell slightly to $550.4 million.
In Europe...sold 2.8 million barrels, up slightly, and sales rose 11% to $472.5 million.

...said the Coors' U.S. business suffered in 2003 from weak industry demand, growing popularity of low-carbohydrate beers, and supply disruptions late in the year, which led to $8 million of additional costs in the fourth quarter.

For the full year, net income rose 8% to $174.7 million, or $4.77 a share, from $161.7 million, or $4.42 a share, for 2002. Sales rose 5.9% to $4 billion from $3.78 billion.

Coors attributed the increase for the year to a lower effective tax rate, solid pricing in the Americas, higher volume and margins in Europe, and favorable foreign-exchange rates, including an 8.4% appreciation in the British pound against the dollar.

-By Judy Bocklage, Dow Jones Newswires; 609-520-7811



Stock recently jumped from $56 to $64.50 today. Am I missing something, or does LT $80, this year $73, and in the ST $70 seem to be viable numbers.

I'm a newbie and short on the ability to quickly perform technical analysis of Feb's EPS numbers. Just noticed Coors last night and added to my watch list.

Any comments are welcome... I am not touting this stock, I'm just bringing it your attention.



Fool on!

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