![]() (NYSE:PFE) remains one of the best very cheap stocks to buy. ![]() Shares have slipped by 4.1% through June 6. With a PE ratio of 7.29 as of April 25 and a solid pipeline, along with impressive dividend history, Pfizer Inc. As of the first quarter, Diageo is also part of Berkshire Hathaway's portfolio, with Buffett buying up about $40 million in DEO stock in the first quarter of 2023. That slump can't last forever, and shares now trade for about 19 times forward earnings, a discount to its five-year average forward P/E of 24.4. That's largely due to its base in the U.K. Despite net sales jumping 21.4% in fiscal 2022, the stock fell with the broader market last year, losing 17.4%. Best Cheap Stocks to Buy Now (Under 10) If you're willing to take on the risk of owning cheap stocks, these seven picks are all priced under 10. As with tobacco, alcohol consumers tend to have a fair degree of brand loyalty, and the company's slate of elite brands gives it enviable positioning in its space, with bar staples such as Johnnie Walker, Guinness, Tanqueray, Don Julio, Smirnoff, Baileys, Ciroc and Bulleit all under its umbrella. A consumer defensive stock, Diageo should be able to hold up in a strained macro environment, as alcohol tends to be relatively recession-resistant. Last up is Diageo, the $95 billion U.K.-based beverage giant.
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