Jim Cramer on Constellation Brands: “Too Soon for Me, But I Don’t Think You’re Crazy If You Want to Start a Small Position”

Core Viewpoint - Constellation Brands, Inc. appears more attractive now compared to a year ago, with a significant drop in its price-to-earnings ratio from 20 times earnings to 13 times this year's earnings estimate [1]. Group 1: Company Overview - Constellation Brands, Inc. operates in the beverage industry, selling beer, wine, and spirits. Its beer portfolio includes well-known brands such as Corona, Modelo, Pacifico, and Victoria [2]. - The company also has a diverse range of wine and spirits labels, including Robert Mondavi Winery, Kim Crawford, The Prisoner Wine Company, and SVEDKA [2]. Group 2: Financial Performance - The stock has experienced a decline of 2.8%, which has contributed to its current dividend yield, although the dividend was not raised [1]. - Despite a better-than-expected quarterly performance, there is skepticism about whether the worst is over for the company [1].