www.brewblog.com/brew/miller/index.html -
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Last Visited: 4/9/2007
Bear Stearns analyst Carlos Laboy wrote, "Assuming Miller built at least some inventory, shipments were likely down -2%.
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On the comps issue, Laboy commented, "We expect these (Miller's) negative trends to moderate as the impact of last year's price war unwinds into 2007."
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While The Wall Street Journal (subscription required) noted that Bear Stearns analyst Carlos Laboy sees continuing "trouble" for Miller's U.S. business, the management moves did win some praise.
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"[SABMiller was] able to help put the brakes on AB's stock appreciation in the U.S., and they were able to continue to expand their geographic footprint," says Bear Stearns analyst Carlos Laboy.