Tuesday 20 February 2018

Bank of Ireland, Diageo and DCC just the business

George Lee Broadcaster

"With so much fear and uncertainty around, picking six stocks this year is just about as scientific as picking six numbers for the National Lottery -- I wouldn't believe a single expert at this stage," says George.

His first pick is one of our beloved bust banks. "Bank of Ireland -- they're great at screwing customers for extra margins, they'll screw their staff and cost base next. And its a 'penny' stock, so a small increase in share price would be a big percentage gain."

He's also taking a bet on the growing importance of world food supply by selecting Glanbia. "With a global population just past seven billion people, that's a lot of mouths to feed. If the guys at Glanbia can't capitalise on that they should be fired."

He likes the look of Diageo: "The European soccer championships in Poland and Ukraine should be a big boost to alcohol sales across Europe. Win, lose or draw I'm expecting Diageo to have a relatively good year as a result.

And multitasker DCC: "They have so many fingers in so many pies, surely one of their many holdings will buck the trend."

George is also adding a pharma to his portfolio mix: "United Drug -- sure why not? Aren't pharmaceutical companies supposed to be the great white hope? They're immune from the world the rest of us inhabit, it seems. Might as well pick one drug company, so United is in."

And finally, another food punt: "Kerry are winners, with their world-class management, -- they better not let me down!"

Sunday Independent

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