ROX - Pernod Ricard Is A Buy And Hold Forever Stock
Investment thesis
Pernod Ricard (OTCPK:PDRDF) (OTCPK:PDRDY) is a bullet-proof investment that enjoys particularly favorable profit margins. Furthermore, sales have been slowly increasing in recent years, with further increases expected as a result of a series of acquisitions that took place in 2019, expanding the company's presence in the United States and Italy. A recent ~$4b reduction in debt suggests new acquisitions are going to take place sooner than later. The current dividend yield of ~2%, which is slightly higher than the average dividend yield the company has been offering during the