Pernod Ricard SA (RI)
Source: RI website I am back after a travel hiatus and this post is dedicated to the readers who are following my blog since I do get pangs of guilt that I am not posting often enough. I hesitated doing analysis of Pernod Ricard SA ("RI") as I have already covered Diageo ("DGE") previously. I picked DGE instead of RI simply because the price of DGE was irresistibly low and I was confident that we can make some happy money out of it. We did thus I decided that RI was worth a look as well since they are the 2nd largest global distiller and our fees would be lower too. With a new CEO and Chairman Alexandre Ricard starting in early 2015, I was not too sure what changes he would bring to RI. Although he is part of the Ricard family and has been in the company since 2003, yet I hesitate as it is human nature to want to put your stamp on how things are done when you are in charge. It also bothers me that he will take up both the CEO and Chairman role which basic...