How COVID-19 Has Flattened Molson Coors' Business
Many beverage stocks -- both inside and outside of the alcoholic drink segment -- are underperforming the market in 2020. But Molson Coors (NYSE: TAP) is among the industry's biggest losers, with shares down over 25% through mid-August compared to a 4% increase in the broader market.
Investors are worried about the hit that the global beer giant took to its sales base in recent months. Wall Street also seems to believe Molson's rebound will take a long time -- if it happens at all. Below, we'll look at whether those concerns are overblown, or if investors are right to tread with caution around this beer stock.
Source Fool.com
