Three Cheers for Spirits
10/23/2002 12:00 am EST
“While the markets may have you down, don’t reach for the bottle – reach for the guys that make the bottles," says Neil George, editor of Total Return Advisory. The advisor has three favorites among the spirits makers. Meanwhile, Vahan Janjigian, editor of Forbes Growth Investor, quips, "Wassup?" as he selects a beer maker.
Says Neil George, “Our portfolio continues to hold Pernod-Ricard (
“Then there’s Allied Domecq (
(Editor's note: Although the three stocks listed above trade as ADRs, Neil George, as a true global investor, also recommends purchase of these issues directly from their foreign exchanges. Pernod trades in France (symbol: RI) and is rated at buy up to FF 105. Allied Domecq trades in London (symbol: ALLD) and is a buy up to GBP 4.73. Diageo also trades in London (symbol: DGE) and is a buy up to GBP 9.50.)
Vahan Janigian adds, “Anheuser-Busch (
“BUD reported record sales and earnings for the second quarter and the first half of 2002. Net sales for the second quarter rose 5% to $3.6 billion. Net income increased 12% to 66 cents per share, up from 58 cents a year ago. This was the company’s 15th consecutive quarter of double-digit earnings growth. Like most beer and spirits companies, BUD has held up well in the bear market. With the release of a recent scientific study arguing that the health benefits of beer may actually outweigh those of wine, we think BUD still has room to run. Belly up to the bar and order some shares now.”
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