DEO has had considerable success internationally, with growth rates of 20% and 16% for profits and revenue respectively. Investors were very satisfied with the quarter and the guidance, sending shares up 4% on the day. The company is by far the world leader in alcohol and this is another chance to snap up shares relatively cheaply. A P/E ratio in the mid to high teens for this industry leader is more than fair, and with a dividend yield approaching 4%, it screams "Buy," especially when considering the strong international and emerging markets push that Diageo is undertaking.