Ambev: A Currency That Produces Beer

carlosgaw/E+ via Getty Images The 1-Second Thesis Ambev's (NYSE:ABEV) valuation is tied in to the strength of the Brazilian Real. That simple. Beer as a Forex Investment The most basic assumption in investing is that the share price of a company will reflect earnings, free cash flow and revenue growth over a long period of time, thus the usefulness of discounted cashflow models. However, using this type of analysis is almost useless in the case of Ambev, the Brazilian juggernaut in the brewing industry. ...