Constellation Brands Lowers Guidance, Stock Gets Crushed

Tonight, spill some wine out for Constellation Brands, as the stock was down as much as 16% after they lowered guidance for the year. Prior to their earnings report the stock was trading for $25 a share, after earnings the stock dropped down to as low as $21 a share on the day. If you were long, you were going for the bottle to drown your sorrows. However, a pull back like this might just represent a buying opportunity for long term traders. Constellation has a number of strong brands in the portfolio from Corona to Svedka vodka to

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Tagged beer, constelation brands, cramer, crushed, lowers guidance, vodka, wine