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Companhia de Bebidas das Americas (AMBEV) (ABV), is Brazil's largest brewer, operating in 14 Latin American countries. It's also active in soft drinks, bottling and distributing Pepsi Cola beyond your U.S. advertise. It's a much larger company than CU - as you'd expect, since Brazil has a population of 190 million - has sales of $10.3 billion, and has more room to grow given its presence in Latin America's middle-income emerging markets. Unfortunately, it's very high-priced, with a P/E of 32 and a noticeably PEG of 2.4. A pity - beer companies do especially well in
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