2024-01-27 08:47:01 ET
Summary
- The author sold their position in Diageo in 2022 but now believes the stock is undervalued and recommends buying with a significant upside.
- Diageo has a strong portfolio of spirits and beer brands and a global presence, with sales in over 180 countries.
- Despite short-term uncertainty and potential risks, Diageo's strong financial performance and potential for future growth make it an attractive investment.
Dear subscribers
The time has come for me to update my thesis on Diageo ( DEO ), one that I started a few years ago when I invested in the company. I then went ahead and sold my position during what I viewed as overvaluation for this business back in late 2022, taking home a good amount of 35-40% RoR with dividends.
I then put the company on my watchlist and followed it with great interest to be able to "get back in" at an attractive overall valuation to ensure a good long-term upside....
Read the full article on Seeking Alpha
For further details see:
Diageo: A Stalwart, Finally "On Sale"