Miller Makes its Case

Miller execs made their case to investors yesterday in New York. The good news: Miller Lite STRs have returned to positive territory in April and May after declining 1.1% in fiscal 2007 (ending March 31). Lite sales accelerated in the four weeks through Memorial Day (even though we think weather was lousy over the Memorial Day weekend in many parts of the country). The company said we can expect its volume growth somewhere between 0% to 1% and revenue per