alcoholic beverages posts
Feed
It was announced today that China's sovereign wealth fund has acquired 1.1% of the worlds largest alcoholic beverages maker Diageo PLC (NYSE: DEO), a deal valued at $365 million.
It was only last week I wrote about Diageo, stating: "the kind of stock you might pick if you only owned one stock in the universe"
Brown-Forman (NYSE: BF.B), a distributor of alcoholic products, including the iconic Jack Daniel's brand, reported results for the fourth quarter on Wednesday. According to Reuters, Brown-Forman did all right for itself.
The top line saw a decline of 12%, but the bottom line did a lot better, coming in at 53 cents per share. It's not that the per-share profit generated was bigger than last year; it wasn't. But the 53 cents beat Wall Street's view on what the company was capable of delivering. The market thought that 49 cents would be the limit of Brown-Forman's success.
Continue reading Brown-Forman beats in Q4 -- should you step up to the bar and buy?
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 101 | 0 |
| 2 | Tom Johansmeyer | 94 | 3 |
| 3 | Connie Madon | 50 | 0 |
| 4 | Steven Mallas | 42 | 0 |
| 5 | Mark Fightmaster | 39 | 0 |
| 6 | Tom Taulli | 38 | 0 |
| 7 | Steven Halpern | 29 | 0 |
| 8 | Trey Thoelcke | 28 | 0 |
| 9 | Melly Alazraki | 25 | 0 |
| 10 | Paul Foster | 23 | 0 |
| 11 | Zac Bissonnette | 23 | 0 |
| 12 | Jon Ogg | 20 | 0 |
| 13 | Brian White | 20 | 0 |
| 14 | Jim Cramer | 20 | 0 |
| 15 | Brent Archer | 20 | 0 |
| 16 | Eric Buscemi | 17 | 0 |
| 17 | Elizabeth Harrow | 17 | 0 |
| 18 | Sheldon Liber | 13 | 0 |
| 19 | Beth Gaston Moon | 8 | 0 |
| 20 | Michael Fowlkes | 7 | 0 |
Find out why more people track their portfolios on AOL Money & Finance then anywhere else.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?