Current Price: ~ $44/share
Projected Yield: ~ 2.59%
I believe Molson Coors Brewing Company ($TAP) is fairly valued at $39/share on a cash flow valuation basis.
Molson Coors is one of the largest brewers in the world. Major brands include Coors Light, Molson Canadian, Carling, Blue Moon, Killian's, Caffrey's, Worthington's, and Keystone. Its largest markets are Canada (47% of operating profit), the United States (43%), and the United Kingdom (10%). Molson Coors retains 41% share of the Canadian beer market, 30% share of the U.S. beer market (with SABMiller), and 19% share of the U.K. beer market.