Alcohol stocks (Brown-Forman, Diageo, Constellation, Pernod-Ricard) have taken it in the teeth. All of them down since the pandemic between something like 30% - 50% from the highs.
I understand the headwinds. Demographic trends, trade policy, etc etc.
But I also understand that these things are cyclical. Just like fashion, music, etc. Alcohol isn’t going anywhere.
Plus some juicy yields.
Anyone have any opinions on building an entry here?