2024-04-15 01:10:32 ET
Summary
- Pernod Ricard is an undervalued European company with the potential for over 20% annualized upside in the next few years.
- The company's share price has dropped significantly, presenting a buying opportunity.
- Pernod Ricard has a diverse portfolio of spirits and alcohols, with strong sales growth in every segment and geography.
Dear subscribers,
My investments in European companies at low valuations typically yield their dividends both in the form of dividend payments, but also in terms of capital appreciation. Most of my high-conviction plays over the past 2 years have gone fairly well - though there are some that have not yet reached their designated targets or levels, and I continue to put money to work in these businesses.
Teleperformance SE ( OTCPK:TLPFY ) is one example.
In this article though, I don't want to talk about Teleperformance, I want to talk about the French Distiller/vintner or alcohol business Pernod Ricard (PRNDY) - a company that I am investing more into....
Read the full article on Seeking Alpha
For further details see:
Beating The Table For Pernod Ricard