December 10, 2004 Email this
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License or reprint this articleSTOCKS TO WATCH
Anheuser-Busch: Bottoms Up Call Dan Ahrens the bête noire of socially responsible investing. Ahrens runs the two-year-old Vice Fund, which actively pursues companies involved in spirits, tobacco, gambling and weapons -- the kinds of stocks that socially screened funds usually avoid. Vice stocks are ideal for uncertain times, says Ahrens: "No matter what happens in the economy, people still drink, smoke and gamble."
It's little surprise, then, that among Ahrens's favorite stocks is Anheuser-Busch (BUD).
The world's biggest beer brewer deserves a toast for consistency, says Ahrens. This year, he says, should mark its ninth straight year of higher earnings; the company has raised its dividend 28 consecutive years.
Busch is also expanding overseas. It recently acquired a Chinese brewery and penned a joint-venture agreement with Mexico's Grupo Modelo.
At $50, the stock sells at 17 times the $2.97 per share that analysts expect Busch to earn in 2005. Bud's annual dividend now stands at 98 cents per share.
--Ilana Polyak
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