Rethinking Modelo

Earlier this week we put forth the possibility of AB InBev selling off its Modelo stake, pending arbitration, in an effort to raise cash to pay down debt. But at least one analyst disagrees. "I think Modelo figures prominently in AB InBev's future," Carlos Laboy of Credit Suisse told BBD. "I think it's part of the ultimate solution -- it's one of the jewels." Why is that?Several reasons come into play. First, Modelo is a cash machine, and AB InBev