Even for strong countries seceding from the euro, Deo sees a 5% chance of default.
An unwinding of skepticism in the options arena could help DEO resume its longer-term ascent.
If the entire union dissolves, Deo sees a 10% chance stronger European countries could default.
So, in an upcoming earnings announcement, you might hear DEO say Smirnoff Ice sales soared in North America.
In fiscal 2009, DEO shipped 368 million liters of Smirnoff ready-to-drink products, which include Smirnoff Ice and Smirnoff Black Ice.
Because DEO is not under our coverage at the Forbes Growth Investor newsletter, we do not have an opinion on the stock.
However, like SAM, DEO seems to be rather under-appreciated on the Street.
Deo Raj says workers are now "looked after from womb to tomb".
In other words, options traders have bought to open DEO puts over calls at a faster-than-usual clip during the past couple of weeks.
One is the rise of powerful, independent consumer-electronics retailers, such as Yamada Denki and Deo Deo, as Japan has gradually lifted restrictions on opening big stores.
Several Diageo (NYSE: DEO) brands, including Smirnoff Vodka, Crown Royal Canadian Whiskey and Captain Morgan Spiced Rum, are also among the top 10 brands sold in the state.
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Several Diageo (NYSE plc: DEO) brands, including Smirnoff Vodka, Crown Royal Canadian Whiskey and Captain Morgan Spiced Rum, are also among the top 10 brands sold in the state.
While Deo does not say in his report which countries he considers strong and which weak, Portugal, Greece, Ireland, Italy and Spain are generally considered to be the weak countries in the union.
New home sales last month fell by 2.5% to 8.2 million square feet total, less than the 8.6 million square feet in May, Shanghai Deo Volente Realty Co said in a report this week.
Diageo (nyse: DEO - news - people ) unit Burger King , meanwhile, which has itself gone on an advertising tear, has probably seen only modest same-store sales this year, Sherrick says.
The wine and liquor industry is fiercely competitive, and Constellation faces intense competition from other established companies in the industry, including Beam (BEAM) and Diageo (DEO), as well as other regional and local firms in various markets.
Diageo ( DEO - news - people ), whose shares slipped 2.7% on Wednesday in London after it revealed in a trading update that underlying sales had fallen by 6% in its most recent quarter.
It's home to some of the world's largest drink companies, such as Jameson whiskey maker Pernod Ricard, and Diageo (nyse: DEO - news - people ), the company behind brands such as Smirnoff and Guinness.
Investors had not been expecting another European rate rise right away, thanks to troubles in the U.S. housing market and uncertainty about China, but UBS analyst Stephane Deo does see the ECB hiking rates again to 4.25% in September, and to 4.75% in mid-2008.
"We have come across a number of cases where organised gangs - comprising property dealers and maybe a few government revenue officials or police department personnel - may be involved, " says Inspector General Gurpreet Deo, who is responsible for NRI (Non-Resident Indian) affairs in Punjab.
McDonald's, Wendy's and Burger King (which parent Diageo (nyse: DEO - news - people ) wants to unload) are bludgeoning one another with ever-cheaper offerings as health-oriented upstarts like Salad Works and Panera Bread (nasdaq: PNRA - news - people ) nip at their heels.
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