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The Company is engaged in the premium drinks business with a collection of international brands.
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dmbeach (97.96) Submitted: 11/16/07 12:20 PM : Start Price: $86.10 DEO Score: 4.61
Just a good long-term holding. Extremely profitable, it's well-known brands (Bacardi, Guinness, etc) give it an essentially impenetrable economic moat. It pays a good dividend and it's going to hold up well in bad economic times (people will certainly not stop drinking if times get tough).
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dmbeach (97.96) Submitted: 11/27/07 8:29 PM
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Yes, slight mistake above. Not Bacardi. I was, shall we say, sampling the merchandise when I wrote the above. Smirnoff, I meant to say. Bacardi's a whole 'nother company, and not public either.
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Nightavenger (59.37) Submitted: 12/19/07 6:39 PM
I agree. Drinking & smoking remain profitable esp. in down markets. It has one of the best paying dividends out there.
Nightavenger (59.37) Submitted: 12/19/07 6:45 PM
In Russia we only had two TV channels. Channel One was pro da. Channel Two consisted of a KGB officer telling you: Turn back at once to Channel One. -- Yakov Smirnoff - There is a reason it's not publicly traded. So much for free capital markets in Russia.