Molson Coors has a P/E ratio of 44. It's 3x overvalued relative to historic valuation
Brewers: +8% this week. +34% in one year:
(The biggest gainer in the brewer's index was Molson Coors, which was not part of the SABMiller/Anhaeuser merger announced this week)
Brewers were the only sector that peaked AFTER Lehman:
Brewers / S&P 500:
Philip Morris P/E 23 (2x overvalued):
Machine guns never had a bear market. Volume (inset) has been steadily declining as militias horde their arsenals...
http://machinegunpriceguide.com/html/machine_guns.html
Walmart: Where you go to buy guns, beer and cigarettes:
Amazon: Selling dollar bills for 90 cents and making it up on volume...
aka. "The last Muppet show"
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