TAP - highly profitable yet cheap company

Molson Coors Brewing Co is engaged in brewing activities. It has a diverse portfolio of owned and partner brands, including core brands Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers such as Blue Moon. Molson Coors is the second largest brewer by volume in the U.S., and holds a 25% volume share.

 It’s Net Margin is 14.9%, Return on Capital is 32.8%. And it very undervalued if judged by Price-to-Free-Cash-Flow which currently stands as low as 7.2.

TAP has a beautiful bullish setup. In October and December 2018 it dipped its toe into a demand zone under $58.

As long as it holds under $67.70 it has a chance to make another lower low and tag the green target box on my chart. 

TAP - weekly chart updated on 11 January 2019

Once it gets over $67.70 I would buy every pullback because that would be a sign that wave [ C ] of [ 3 ] have started. That rally would target at least $150.

TAP - daily chart updated on 11 January 2019

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