Miller Finally Shines in SABMiller Trading Statement

The red headed step-child finally steps from behind the curtain. SABMiller plc early this morning announced its fiscal third quarter and nine months trading update, ending December 31, 2007. Let's first look at overall global results, which were considered by City analysts to be generally weak. Globally for their third quarter, SABMiller reported 4% organic lager growth, versus the analysts' consensus view that the brewer would have 7% organic growth. Tough comps in Europe, weak Latin America and China growth,