Constellation Brands Inc. (STZ) |
The Investing Club made a strategic move by purchasing stock in Constellation Brands, recognizing an opportunity in the quality beer maker that was improving its corporate governance by eliminating its dual class share structure. The club's decision to invest in STZ was reinforced this week by activist investor Elliott Management, whose collaboration with management suggests more positive changes are on the horizon. |
Known for its consistent growth and global presence, SBUX has proven to be a solid performer over the long run in the market, and sits nicely in the Charitable Trust Portfolio. The Club is looking to see if Laxman Narasimhan, who became CEO on March 20, will adopt a more public-facing approach to better understand his vision. |
We trimmed some CAT on Monday following a fantastic run for the industrial giant. Caterpillar remains a core position and should continue to be bolstered by U.S. infrastructure spending, making it an attractive investment for potential long-term gains. If the bears sour on the stock again causing the stock price to dip, we have the opportunity to buy back some of the shares we recently sold. |
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