I’m worried about the impact of COVID 19 on the business with bars and pubs closed in North America and the risk of some of the craft brewers potentially not surviving the extended shut down. Walking around Sydney today I noticed that whilst people are in pubs it’s nothing like it was before and I wonder how long it’s going to take for beer sales to get back to pre-pandemic levels in the markets in which UMG operates.
That said if the current price holds the offer seems too good to pass up.
UMG Price at posting:
$4.55 Sentiment: Hold Disclosure: Held
