Brown-Forman (BF) released its Q4 and FY 2018 results June 6, 2018. FY2019 projections were also provided but management has indicated it is difficult at this juncture to provide a precise full year outlook given retaliatory action foreign governments are likely to take in response to tariffs imposed on goods imported to the US. Summary [...]
Summary Brown-Forman (BF) is a high quality company which has richly rewarded shareholders over the years. BF is a classic example of why exclusive reliance on stock screeners to identify investment opportunities is short-sighted. The company faces uncertainty as a result of foreign countries imposing retaliatory tariffs in response to ill-advised tariffs announced by the [...]
Summary Brown-Forman is currently undergoing a major transformation. It sold its Southern Comfort and Tuaca trademarks in 2016 and has made some acquisitions in the past couple of years. Brown-Forman is a Dividend Aristocrat having increased its dividend for 33 years in a row. It has also paid dividends for 71 years in a row [...]
