Karl Berger
Diageo PLC
DGE-LN
PAST TOP PICK
Aug 21, 2012
(A Top Pick Aug 30/11. Up 44.17%.) (London exchange.) Have done a wonderful job of expanding into some of the emerging markets. Getting to be fairly valued.
Largest spirits firm globally. Brands include Smirnov, Tanqueray and Crown Royal. They also brew Guinness. Reported solid numbers, but gave guidance a bit below expectations. Spirits are a very resilient business that usually goes up even during recession. 4% yield. Nice defensive consumer stock.
(Top Pick Jan 30, 2009, Up 20.2) It went up near the end of the term. Drinkers have gone down to lower items, but the drinkers still continue to buy them.
(Top Pick Feb 17/09, 23% capital gain) Lots of brands that can be sold internationally. Suffered in recent months because of rumours of they intention to do a buy out, but rumours have subsided.
One of the biggest brands in the world. Particularly suitable at this time. Sell all over the world. Europe hurt their performance over the last couple of years. Descent growth in other countries. Don’t need dramatic growth in the economy to benefit.
(Top Pick Dec 16/16, Up 9%)He still likes the name. They are going through slow changes to improve profitability. If you look at their big exposures they are US and China. The US economy is healthy. In China the whole corruption crackdown has waned so people are going out more and spending more.
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(A Top Pick Aug 30/11. Up 44.17%.) (London exchange.) Have done a wonderful job of expanding into some of the emerging markets. Getting to be fairly valued.