An Alcohol Investment With A Lottery Ticket

As I look at the top five hundred or so companies in the world based on size, there are only four or five dozen I can find that could be classified as undervalued at the present moment. And once you remove cyclical companies–particularly the energy stocks–then the list of companies gets even thinner. This isn’t a tragedy, as it only takes one attractive opportunity at a time to put money to use, but it does speak to the homework and research necessary to find companies on sale these days.

One such candidate for consideration is Diageo (DEO), a London company developing deep roots in the emerging markets that became publicly traded in 1886 … Read the rest of this article!