(SeekingAlpha) - In light of a recent article I wrote on Constellation Brands (NYSE: STZ) prior to their recent earnings hit, I wanted to ask the question: what is the better value play in the wine and spirits market: Constellation Brands or Brown-Forman Corporation (NYSE:BF.B)? For my opinion on STZ, please refer to my previously published article here. Currently, I believe the better value play over the long term has to be STZ.

Past, Present, Future of Wine & Spirits

As mentioned in my previous article, in 2016 alone, supplier sales of premium spirits were up 4.5% to $25.2 billion. In good times and bad, some like to say, booze will always sell. There's a lot of truth in that statement, specifically in the wine and spirits business.