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To: michael97123 who wrote (235)	11/7/2001 9:36:07 PM
From: Gottfried	Read Replies (2) of 786

Mike, S&P says BUD is a buy. Also, beer to rise in price. >Anheuser Busch (BUD): Still 5 STARS (buy) Analyst: Richard Joy Analyst Joy said the brewing company reiterated its previous positive outlook. The company is on track for a 12% earnings per share gain in 2001, and at least 10% for 2002. Joy said he is keeping our his 2001 and 2002 earnings per share estimates of $1.89 and $2.11, respectively. The recent round of price hikes is getting successful reaction in the marketplace, Joy said. More increases are planned for early 2002. October volumes are encouraging, he says, with comparable sales to retailers up 1.6%. Joy said shares remain attractive at 20 times his 2002 estimate, given BUD's market dominance, growing free cash flow and consistent operating results.< Note: this is not a recommendation to buy the stock, but you might want to stock up on the beer before the price increase. Gottfried :)

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