market isnt out of the woods at all in the short-medium term
LNN has just retracted back bigtime
One things for sure: peeps will always keep buying beer and spirits in hard times to cope
its this type of biz that outperforms in bad times ahead and is a gr8 defensive play
CCL bid may have driven some folks out post the divvy yesterday
But the fundies will PILE BACK IN when sentiment gets worse in coming months, coz earnings for these types of companies are much much much more certain and the PE isnt too high for the growth and great returns on equity and returns on debt+equity.
LNN
lion nathan limited
