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Diageo plc Message Board

vwdiesel10 1 post  |  Last Activity: May 20, 2014 4:33 PM Member since: May 2, 2012
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    High volume at open

    by augie_the_gasman May 15, 2014 11:29 AM
    vwdiesel10 vwdiesel10 May 20, 2014 4:33 PM Flag

    Currently 5.7% under their all time high. Not exactly the worst place to perhaps quicken some buy backs. They are trading at a low forward multiple so I'm not sure how much more downside they have versus touching their 200 moving averages in the $88 range. Even their 365 day average is roughly $80. $80's would be better than $90's for buybacks, but that is presuming it will trade low into that range. I would begin buying them back now and use at least 50% of the year allotment for buybacks in the upper $80's. If it falls lower, they can use the other half, otherwise, they would dollar cost average down their overall buys for the year.

DEO
124.15+0.33(+0.27%)Jul 22 4:02 PMEDT

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