Miller in the Hot Seat

With A-B and Coors both reporting a mediocre quarter, it appears that Miller Brewing Co. may have had an even worse quarter. We estimate that Miller's sales could be down between 6%-8% for the first six months, and the declines appear to be accelerating.Although Miller achieved some action in the chains in certain parts of the country on July 4th, many core markets are suffering, particularly the heartland and Texas. Miller brass has given itself about 36 months to turn