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Brown-Forman: Premium Business, Premium Brand, Premium Valuation

2015-03-07 21:46:47| Food - Topix.net

While an investment is, of course, a bet on the future of the brands, Brown has become a semi-bond equivalent investment as well. As a result, I am very cautious amidst the current high multiples, as a jump in interest rates could leave the shares very vulnerable.

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