Tuesday, October 4, 2011

Fortune Brands spins off Jim Beam...

It's only day one of trading for Fortune Brands (FO)-spinoff Beam (BEAM), but already the bourbon company lands on Goldman Sachs' Conviction Buy list.

Though the new company says it's in for the long-haul, analysts aren't buying it. Rabobank's Stephen Rannekleiv says BEAM is a "rare opportunity" for companies looking to acquire major brands like Maker's Mark and Canadian Club.

In other words, they may be looking to sell the company.

No comments: