I think "the inquiries" may have diminished enthusiasm for unbridled bashing, but that is only a guess.
GLTA. Hoping this investment will see better days ahead. If not, I bought it and I own it.
God Bless America
I'm awfully glad I sold this at 121 and some change. I wish I would have the same with FCX when it was recently trading at $24 or BABA at $95.
See the ambulance chasers are out in full force today!
Its common to see Inventory stock up for summer in liquor stores. Don't see the issue of moving inventory with optimistic planning forecast.
"Nomura analyst Ian Shackleton said he understood there to have been no further enquiries to Diageo following a request in March for information on U.S. spirits sales over the past five years. 'We understand that the SEC often makes requests for information like this, which does not lead to any further action," Shackleton wrote in a note.' " Reuters -By Martinne Geller - us-watchdog-questions-smirnoff-maker-
Do see the Vultures and ambulance chasers rushing in.
I bought into DEO for the long-term, not for a takeover, so I continue to hold. The company is expected to return to growth after two tough years, and I expect the stock price to begin to reflect that in the months ahead.
@LONDON (Alliance News) - Berenberg reiterates its Buy rating and GBP23.50 price target on drinks giant Diageo, saying that while Diageo has just finished the two worst years it has had in the past 15 years, it should, in the financial year 2016, return to organic top-line growth closer to what it experienced before things started going downhill. Diageo shares are trading up 0.2% at 1,932.00 pence Tuesday afternoon. The broker notes that Diageo's organic top-line growth in the financial year 2014 was 0.4% and said it expects this to fall to negative 0.3% in the financial year 2015. This is significantly lower than the average organic top-line growth of 4.0% that Diageo experienced between 2008 and 2013, but Berenberg forecasts that it will return to 3.0% growth in the financial year 2016. "Unfortunately, destocking is the price to pay as the focus changes to sellout and execution. Fundamentally, however, this change will make Diageo closer to its customers and a stronger organisation on the execution side of things," Berenberg says. The broker says that while focusing on sellout has hit the top-line in the short term, it does improve cash flow generation, which also will benefit from a progressive normalisation in capital expenditure and in inventory investments. "While it is our view that improved cash flow generation in FY15 alone is unlikely to be enough to cheer up investors following two years of sub-optimal top-line growth, we believe a more confident tone in the guidance and any early indications that FY16 will start to see shipments converging with depletions growth may mark a gradual change in investors’ perception," Berenberg says. Diageo is scheduled to provide its results for its financial year to June 30 on July 30
Doesn't appear to be any. Maybe the Greeks drink a lot of Guinness when they have money to buy it and the apparent agreement is boosting this stock (among others).
I exited at $121. If it drop below $110 I'm back in. I don't think DEO is seriously in play now or in the further. Too much of a premium one would have to pay in a flat to declining industry. The Chinese aren't drinking as much Johnny Walker these days as their economy continues to contract.