Earnings Confirm Bull Case for Diageo
Diageo’s stock has struggled along with the overall market this year. The concerns surrounding the stock (strong GBP, weak consumer, and rising input costs) should have been eased after last week’s conference call. If anything, Diageo’s H2 earnings reaffirmed the long case for investors.
The long case:
o Cost Control
o Demand Growth Continues
o Very Attractive Valuation
Cost Control
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