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Unformatted text preview: sh flow went from a negative $26
million to a positive $138 million.
The company continued to apply
its disciplined capital budgeting
approach to expansion projects
required to meet a large increase
in demand. By 2000, return on
invested capital was almost 12 percent, and return on equity was
almost 13 percent. The result was
improved shareholder value as the
stock price climbed from $19 in
early 1997 to peak at $82 in December 2000; it was trading at about
$65 a share in March 2002.
Sources: Stephen Barr, “Coors’s New
Brew,” CFO (March 1998), downloaded
from www.cfonet.com; Coors Annual Report,
2000, www.coors.com; “Coors Reports
13 Percent Rise,” AP Online (October 25,
2001), downloaded from Electric Library,
ask.elibrary.com; and John Rebchook,
“Coors Building Expanded Distribution
Facility off I-70,” Denver Rocky Mountain
News (December 19, 2001), p. 4B. and materials costs of retrofitting the system to drill press X12 and the benefits
expected from the retrofit. The $237,...
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This document was uploaded on 01/19/2014.
- Fall '13