Heady Rebound on ‘TAP’ for Molson Coors


Molson Coors (TAP)  owns some of the world’s top brands of beer. Its shares commanded over $100 during both 2016 and 2017.

Since then, though, the stock tailed off to a recent low of $32.11. After a minor rebound TAP was still offered on Monday for the bargain price of $35.21.

Momentum traders can stop reading right here. Value investors should be taking notes. At its current quote, the stock sold for just 12.8-times its 2020 estimate and 10.1-times Value Line’s earnings per share projection for its 2021 results.

Those compare quite favorably with TAP’s post-2011 typical price-to-earnings of 18.2-times. Better still, EPS are now expected to grow nicely, well into the future. Value Line sees EPS rising to $4.65 not later than 2025.

Even a partial reversion-to-the-mean valuation suggests TAP could rebound to about $56 by Dec. 31, 2021. Hitting that relatively modest goal would deliver an almost 74% gain from $32.21. 

Yahoo Finance takes an ultra-conservative view on TAP in assuming the shares will only fetch 11.3-times its own 2021 earnings estimate for TAP. Even that well below typical valuation would result in about a very acceptable 25% 12-month gain. 

Independent research house Morningstar is more in line with my own opinion. It now assigns TAP its highest, 5-star, Buy rating. Morningstar deigns to provide year-ahead goal prices, but does let us know what it feels is present-day fair value for each stock it covers.

For Molson Coors that figure sits at $55. Almost 56% above where it’s offered right now. 

Even that target could prove way too conservative. TAP peaked from $61.94 – $112.20 each year from 2014 right through 2020 year-to-date. There’s good reason to believe it will reach those levels again before too long.

Value Line calls for TAP to be $45 by April of

Facebook to tap 1,200 rooftops to power Singapore data centre, operations


Facebook has inked a deal with Sunseap Group to tap solar energy that will power its data centre and operations in Singapore. Generated from solar panels to be placed atop 1,200 apartment blocks and 49 government buildings across the island, the power is estimated to reach 100 MegaWatt-peak (MWp) in capacity when fully completed in 2022. 

a boat sitting on the side of a building: Solar technology is one of the top picks for renewable energy sources in the future.

© Ericsson

Solar technology is one of the top picks for renewable energy sources in the future.

The agreement with local solar energy company Sunseap was touted to be the largest signed under a virtual power purchase agreement, according to a statement released Monday by Sunseap. Such agreements refer to contracts that outline a pre-agreed price at which the buyer will purchase a project’s renewable energy. This energy can be generated from a renewable energy project located away from a company’s premises, but co-located on the same grid. 


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Under the Facebook agreement, the social media company will receive renewable energy credits from electricity generated from Sunseap’s solar panels located on the rooftops of the 1,200 public housing residential blocks and 49 government buildings. 

The energy procured would go towards Facebook’s goal of using 100% renewable energy to support its operations in the region as well as reducing greenhouse gas emissions by 75%. The company’s data centre in Singapore was its first custom-built facility in Asia. 

To date, Facebook has contracted for more than 5.4 gigawatts of new renewable energy to support its global operations, including its offices in this region. 

Sunseap’s president and executive director Lawrence Wu said: “We believe virtual power purchase agreement is the way to go for enterprises as they accelerate efforts to add renewables to their energy mix. This is a game-changer in Asia’s drive to decarbonise and fight climate change.

“Furthermore, companies that are constrained by a

Jacksonville Jaguars Tap Trailblazing College to Help Athletic Trainers Leverage New Ultrasound Technology


JACKSONVILLE, Fla. and MILWAUKEE, Oct. 1, 2020 /PRNewswire/ — Today, Medical Technology Management Institute (MTMI), a division of The College of Health Care Professions, announced a partnership with the Jacksonville Jaguars to provide musculoskeletal (MSK) ultrasound training to athletic trainers, allowing them to conduct quick medical assessments to inform game-time decisions on player health. MTMI also announced that it has been approved by the Board of Certification for Athletic Trainers (BOC-AT) to expand its training with athletic teams on how to operate MSK ultrasound technology.

“As athletic trainers in the NFL, we strive to provide the best and most innovative care for our athletes. As medical technology advances, we must continue to learn and utilize the best available resources in the assessment and treatment of our players,” said Cassie Ettel, associate athletic trainer for the Jacksonville Jaguars. “This partnership will further advance our day-to-day treatment and evaluation techniques for our athletes, allowing us to make the best decisions for athletes in real time.”

MSK ultrasound equipment creates pictures of muscles, tendons, ligaments, nerves and joints throughout the body and can diagnose sprains, strains, tears, trapped nerves, arthritis and other musculoskeletal conditions. This gives teams quick and actionable intelligence to ensure the best decisions are made for players’ health and safety. MTMI’s MSK ultrasound program provides an in-depth, three-day training course for medical professionals on how to utilize the new technology.

“From hospital rooms to football fields, we continue to see an increase in the demand for quality, industry-recognized medical imaging training,” said Ernie Cerdena, president of MTMI. “We are excited to expand the usage of innovative ultrasound technology to support athletes’ safety, and look forward to expanding our partnerships with other athletic teams to develop these important skills.”

About MTMI
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