Buy Molson Coors on 16% FCF Yield and a Clean Path to Deleveraging
Molson Coors (TAP) trades at roughly a 16% free cash flow yield, a sub-1x price-to-book and an EV/EBITDA near 6.4. For investors willing to look past secular headwinds in beer consumption, the combination of strong free cash flow, a defensible dividend and sensible leverage dynamics supports a long trade with defined risk management.