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Diageo: Toast to growth & income |
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| Jul 24, 2009 08:20 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: International markets, Newsletters, Diageo plc (DEO), Stocks to Buy, Recession "Diageo (NYSE: DEO), the world's largest spirits maker, offers solid and safe dividend, as well as the potential for strong capital appreciation," says Louis Basenese. The senior analyst for the prestigious The Oxford Club suggests, "Moreover, investors can also prepare for a US dollar decline by buying these shares." Here's his bullish outlook. "Headquartered in London, roughly 70% of the company's sales come from outside the United States. So any dollar dip will increase the value of our ADRs. "Moreover, management concedes that positive currency tailwinds in the other countries where Diageo sells spirits will help the company easily grow earnings by double digits this year. Continue reading Diageo: Toast to growth & income Diageo: Toast to growth & income originally appeared on BloggingStocks on Fri, 24 Jul 2009 15:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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