Monster Beverage Corporation: Magnificent Financials, But Limited Return Potential At Its Current Price
The coronavirus has affected every industry differently. Some have benefited, while others not so much. The beverage space was expected to have its sales massively decline, as restaurant closings would significantly lower their wholesale demand. This was indeed the case, as beverage-behemoth Coca-Cola (KO) posted a 28% revenue decline.
The case for Monster Beverage (MNST), however, has been quite different. In its latest earnings report, the company announced almost unchanged revenue YoY, despi…
