Liquidity Preferences: Molson Coors vs. Starbucks

Despite the economic slowdown, or perhaps due to the pressures on beer drinkers from the slowdown, Molson Coors (TAP)
reported better than expected sales and earnings for the recent quarter and the stock foamed up over 8%. TAP
has been a position of mine for several months, up over 25% before
the pop.<!--more--> The stock has appeared cheap relative to earnings and
sales, had a nice pattern of improving earnings estimates from Wall
Street and few short sellers willing to bet against it - and the
news proved they were right to be cautious.

Before the Coors -Molson merger, Coors stock ticker was "ACCOB", or Adolph Coors CompanyClass B, but traders used to quip it was "A Cold Can Of Beer". "TAP" isthe new moniker and apparently the merger is working well; the initialclash of the Coors and Molson cultures are integrating nicely. I willcontinue to hold