But you often quote your Pop as the one to follow and he has reduced his tesco holdings not his diageo and you were investing in tobacco companies fairly recently - obviously had no qualms then about health warnings which have been on ciggie packs for as long as I can remember.
Certainly, DGE is a Defensive stock as is IMT, but both with declining prospects,IMO, For exactly the same reason: The pro-active health lobby whose instance on oversize heath warnings & plain packaging will harm, if not destroy Brands. It is logical they would hit on Booze after fags, and so is my response. Not only have I Sold but nothing would make me re-invest, this Genie is NOT going back in the bottle.
I thought diageo was a defensive stock (ex divi today) but Opium sold that the day before he would have qualified for the divi mentioning that tesco was a much better healthier option. Crikey I wonder how much those poor suppliers are getting for their cheap cheese and butter in Opium's freezer. Opium don't you know that the polyunsaturated spreads are a much healthier option and you need to go to a proper deli for Lanark blue.
Good luck here robert, I just hope blackrock don't lend out some of them. Have experience of them before as an institutional investor before in other retailers and think they increased their aggreko holding one day and decreased it the next or vice versa a while back so not too supportive as big investors go.
Robert W ,just a word of support im afraid people like our friend Seifert just has not got a clue about long term investments stick with it short sellers are welcome to there opinion but only for today not the long haul good luck
You are now balancing a Risk PF with a Defensive stock at a Good Price, according to our 2nd biggest Shareholder, unlike a few miners we could both name, eh? Think your shirt is safe, you may even be able to afford a few more, if you are patient.
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