Updating Andrew Peller Ltd., Molson Coors Canada Inc., and Enbridge Inc.

Article Excerpt

ANDREW PELLER LTD. $18 (www.andrewpeller.com) is Canada’s second-largest producer of wines, after Constellation Brands. The company has wineries in Ontario and B.C. The Supreme Court of Canada’s recent decision to uphold restrictions on the movement of alcohol between provinces could hurt Peller’s ability to expand sales. However, China is considering new tariffs on U.S. goods, including wine. That could make Canadian wines more attractive to Chinese consumers. Best Buy. MOLSON COORS CANADA INC. $86 (www.molsoncoors.com) earned $0.40 U.S. a share in the first quarter of 2018, down 50.0% from $0.80 U.S. a year earlier. Sales fell 4.8%, to $2.33 U.S. billion from $2.45 U.S. billion. That’s mainly due to weaker beer sales for its core markets—Canada, the U.S. and Europe. However, cost savings from its October 2016 purchase of the remaining 58% of the MillerCoors brewing joint venture should lift its earnings for all of 2018. Buy. ENBRIDGE INC. $41 (www.enbridge.com) is selling 49% of its wind and solar energy projects in North America and Germany for $1.75 billion. In…