You shouldn’t go into the alcoholic beverage sector looking for bargains; there are some here and there, but generally there are reasons for those and “undiscovered gems” are few and far between. Still, if you can get comfortable with “growth at a reasonable price”, maybe Pernod Ricard (OTCPK:PDRDY) (“Pernod”) is worth a look. While the stock is more expensive than I’d like from a cash flow perspective, the high margins can support a healthy forward EBITDA multiple, and I like the multi-pronged growth opportunities that Pernod Ricard has.
Read the full article at Seeking Alpha:
Pernod Ricard Not Exactly Cheap, But Multiple Growth Drivers Are Attractive
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