No. of Recommendations: 4
Random thoughts
Beverages are only a small part of their pie (maybe 7%?), but FWIW a recent post of mine in the "Non-US Stocks" board about the alcohol firms.
mungofitch writes on BoozeI think the top luxury goods firms are probably very good bets over the long haul. The trick will be to get a really good entry point and a long hold period. As it's currently 40% off its trailing-year high, that's at least some level of comfort. Might not be cheap, but you'd do better than the folks who bought six months ago.
It's a big exposure to ever-changing tariffs, of course, but what isn't?
The China risk is large, but if you take a long enough view, maybe a hit there isn't fatal. If things went very badly there it would turn into a low return but not a wipe-out. Still lots of wanna-look-rich people elsewhere.
Jim
