A Close Look at Beam, the Future and Pricing

Dear Client: 2011 was a big year for Beam Inc as it transitioned to an independent spirits company, making it the subject of speculation and also headlines as it took on new brands and innovations. Moving forward, the company has a number of growth opportunities that ensure it is well positioned within its peer group, according to a report from J.P. Morgan. Beam's EBITDA (earnings before interest, taxes, depreciation and amortization) margins are 24% compared to Brown-Foreman's and Diageo's 33%