Imports’ Increased Influence with Pricing

May 9, 2012Imports' Increased Influence with PricingMillerCoors Conference Call HighlightsDear Client:There seem to be some cracks in the armor of forever increasing prices in the beer business. Remember earlier this month when Morgan Stanley pointed out that imports were actually more of a threat to A-B's and MillerCoors' pricing power than crafts, "to the extent that craft needs to take pricing to survive, while importers are backed by strong overseas cash flows," wrote Morgan. "Heineken is down over 2% in