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CNN Touts Constellation

CNN’s financial website is touting Constellation Brands as, quote – a stock worth considering. Money dot CNN dot com says the parent company of Canandaigua Wines is one of the best performing stocks of the decade, with double digit growth every year. The stock is up 260 percent since 2000. Analysts point to Constellation’s acquisition of Australian winemaker BRL Hardy and California’s Robert Mondavi as reasons to be bullish on Constellation. One analyst expects Mondavi sales to improve greatly under Constellation management.

 

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