Molson Coors Beverage Company (NYSE: TAP)

Molson Coors (NYSE: TAP) manufactures, markets and sells beer and other malt beverage products in the United States, Canada, Europe and internationally.

Since reaching a high of more than $57 in February, shares of Molson Coors have slumped and currently are trading for around $35. This represents a significant potential value opportunity based on the history of the company’s iconic beverage brands.

The Covid-19 pandemic – along with over $8 billion in debt the company took on as part of its acquisition of Anheuser-Busch InBev’s stake in MillerCoors – had a devastating effect on the stock price.

There’s no question that the shutdown of bars and restaurants was difficult for the company…but it appears that its shares are now trading at a discount as more states begin to re-open safely.

Investors should consider the long-term potential for Molson Coors as the economy returns to normal and the company’s balance sheet becomes less debt-heavy.