Coors Surprises: But Not as Bad as it May Seem

"Our first quarter results have added complexity" due to the merger, said Coors chief Leo Kiely. No doubt. A big first quarter loss (beer companies never lose money, I thought) and a surprisingly weak US shipment number (down 4.1%) sent Coors stock into a tailspin yesterday. WHAT HAPPENED? In our opinion, which is worth the calories it takes to read this newsletter, the problem was threefold: 1. LACK OF COMMUNICATION. Coors didn't give any indication during the quarter that there